GTM Leader Payments & Digital Assets 🌍 | Scaling @utila_io in Africa | MBA @HeriotWattUni | Featured: AriseTV, BusinessDay, Techcabal
Stablecoins
Joined October 2009
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Congratulations @OPay_NG 👏🏾
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Francis Ogbuka retweeted
Nigeria plans to introduce an African depositary-receipt framework to encourage more cross-border listings and attract companies and investors from elsewhere on the continent to its capital markets. bloomberg.com/news/articles/…
Whenever I travel across Africa and engage in conversations, lots of people are curious to understand why stablecoins became a thing in Nigeria. This helps in understanding why.
Did I just hear that Nigeria’s net foreign exchange reserves were just $3bn in 2023? And are now 15 times higher.
Gross reserves were then cited as around $30bn.
This does explain why the naira was allowed to float, and needed to depreciate
#FTAfrica
Really been impressed with the Nigerian Immigration Service for a while now. Whatever @MinOfInteriorNG is doing, he should keep doing it.
I struggle to see any scenario where an import-dependent economy like Nigeria having larger foreign reserves is a bad thing.
Yes i’ve watched the interview. The explanation given wasn’t sufficient
Mustafa Chike-Obi: Large foreign reserves don’t mean Nigeria is better off
Mustafa Chike-Obi, former chairman of Fidelity Bank, says maintaining Nigeria’s $52 billion to $53 billion foreign reserves costs the country more than $10 billion annually.
Chike-Obi spoke on Thursday during an episode of Policy Without Politics, a podcast he host with Ken Ikpe.
thecable.ng/former-fidelity-…
Francis Ogbuka retweeted
TradFi players will become the most valuable crypto companies over the next couple of years with the way regulations around stablecoins are shaping up.
Love to see it.
Francis Ogbuka retweeted
South Africa’s central bank plans to create a cash-management company by next year that will roll out white-label ATMs and tighten oversight of how money circulates to make it cheaper and easier to access bloomberg.com/news/articles/…
Nigerian tycoon Tony Elumelu is part of a team considering a $15 billion pipeline of investment projects across West Africa to help curb the region’s infrastructure deficit bloomberg.com/news/articles/…
Couldn’t have chosen a more worthy city 🌆 🔥
Africa, we’re back. 🌍
From the early 2030s, the African Grand Prix will join the calendar and take place in Bugesera, Rwanda 🇷🇼
#F1
Francis Ogbuka retweeted
A group of Business leaders gathered at Oriental Hotel in VI in Lagos last week openly lamented the state of Ozumba Mbadiwe the road leading to the hotel. Today I asked one of them how come so many powerful people could be so loudly critical and none could make a
Public statement to those they pay taxes to and have a right to hold accountable. The answer I got reaffirmed my view that the development failure in Nigeria flows from a crisis of elite.
Will be there 👍🏾🇳🇬
African stories belong on screens everywhere!
Loved celebrating EbonyLife Place London with @MoAbudu. @theflutterwave powers payments. @SendAppbyFLW connects us to home.
Let’s show up! Visit the cinema at 208 Wandsworth Road. Send some love home with Send App!
ALT Flutterwave CEO, Olugbenga "GB" Agboola in a suit and glasses speaking during the EbonyLife London opening ceremony
ALT Flutterwave CEO, Olugbenga "GB" Agboola and EbonyLife Group CEO, Mo Abudu, during the EbonyLife London opening ceremony
ALT Crowd seated in a red-upholstered theater, diverse audience members watching a live show—many smiling, clapping or using phones to take photos and videos, creating an engaged during the EbonyLife London opening ceremony
