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Monthly Archives

March 2019

Investing in bitcoin and things to consider before buying

Investing in bitcoin and what bitcoin isFirst; Bitcoin is a cryptocurrency, a form of electronic cash. A decentralized digital currency that has no central bank or single administrator that can be sent from user to user on the peer-to-peer Bitcoin network without the need for intermediaries.Bitcoin has become a big concern for investors over the past year for its massive spike in value and the ensuing rush to regulate it, plus its nasty crash. However, the real story is the degree to which Bitcoin…

How to run a foreign currency account (domiciliary account) in Nigeria

Domiciliary Account A foreign currency account is a domiciliary account that allows you to fund it with foreign currencies and as well carrying out foreign transactions on the account.A foreign currency account in Nigeria is a type of bank account that allows the holder to deposit and withdraw funds in foreign currencies other than the normal Naira (₦)Every Nigerian as from 18years and above has a right to operate a foreign currency account even while he is in Nigeria. Though is of more importance to those doing…