IMF Warns Of Risks After El Salvador Adopts Bitcoin As Legal Tender

LAGOS JUNE 11TH (NEWSRANGERS)-A spokesman for the IMF on Thursday warned of the risks of using bitcoin for day-to-day transactions after El Salvador, which is in negotiations for additional funds from the crisis lender, approved the cryptocurrency’s use. An IMF team is scheduled to meet with El Salvador’s President Nayib Bukele later Thursday as the…

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El Salvador Breaks Record As The first Country To Approve Bitcoin As Legal Currency

LAGOS JUNE 9TH (NEWSRANGERS)-El Salvador’s President Nayib Bukele has made good on his promise to adopt Bitcoin as legal tender.  Officials in the Central American country’s congress voted to accept the cryptocurrency by a majority of 62 out of 84 votes, reports CNBC. In a worldwide first, El Salvador will accept Bitcoin as legal tender…

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MAJAN Hails NIMASA DG Tackling Of Insecurity By Deployment Of Assets Of Deep Blue Project

LAGOS JUNE 9TH (NEWSRANGERS)-Maritime  journalists under the aegis of Maritime Journalists Association of Nigeria (MAJAN) has commended the current efforts of the Director General of Nigerian Maritime Administration and Safety Agency (NIMASA),  Dr Bashir Jamoh milestone achievement for the  development of  strategy to confront the hydra-headed problem of maritime insecurity,  with the deployment of the…

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What Does The Blue Economy Offer To Emerging Markets?

LAGOS JUNE 8TH (NEWSRANGERS)-Around the world, emerging nations with significant maritime resources are advancing plans to develop their respective blue economies, with a view to boosting short-term recoveries from coronavirus as well as longer-term economic diversification. While the concept of the blue economy has been around for some time, it has attracted increasing attention in…

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Nigeria’s Twitter Ban Could Backfire For The Govt With Long Term Economic Cost

LAGOS JUNE 8TH (NEWSRANGERS)-Nigeria’s decision to suspend Twitter indefinitely could backfire for the government and cost the country economically in terms of new investments into its technology sector. The Nigerian government suspended Twitter on June 4. The official press release gave only a vague justification, citing threats to “Nigeria’s corporate existence.” While only a minority…

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Maritime Journalists To Examine NIMASA’s Deep Blue Project

LAGOS JUNE 7TH (NEWSRANGERS)-The Powerful Pen Media Chapel of Maritime Journalists Association of Nigeria (MAJAN), has concluded plans to examine the much-talked about official launch of the ‘Deep Blue Project’ of  Nigerian Maritime Administration and Safety Agency (NIMASA). Already, plans are on top gear for President Muhammadu Buhari  to officially flag-off the assets under Integrated…

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