Tuesday, July 7, 2015

Another Bitcoin service BitX launches in Nigeria

BitX has launched services in Nigeria, a move that will enable local users to access the company's bitcoin wallet, exchange and API services.

The announcement comes roughly six months after the emerging markets-focused bitcoin services provider launched in Indonesia. Both countries had been on BitX's list of planned markets since April 2014.

BitX CEO Marcus Swanepoel expressed his optimism that Nigeria would soon become one of the company's leading markets due to its "fast-growing" and "highly entrepreneurial economy".

Swanepoel said:

"We’ve been inundated with requests for bitcoin products and services from consumers, developers and Nigerian businesses. The business aspect is particularly interesting and we’re currently working with a number of these businesses to bring some exciting new products to the market."

Nigeria notably became the largest economy in Africa in April 2013, surpassing South Africa with a gross domestic product (GDP) of $509.9bn compared to South Africa's $350.6bn. However, with a population of 170 million (compared to South Africa's 52.98 million), economists have argued the country's economy is still underperforming.

One factor that may hold back the utility of bitcoin, though, is the relative lack of smartphone penetration, which mobile operator interest group the GSM Association estimates at just 10-15% of mobile subscribers.

The announcement will nonetheless find BitX joining ICE3x as the latest exchange to try and galvanize bitcoin user interest in the Nigerian market.

ICE3x launched its services in January and now offers an order-book exchange that allows Nigerian naira to be exchanged for digital currencies such as bitcoin and litecoin.


Coindesk


Related stories: Bitcoin interest grows in Nigeria

Bitcoin exchange market coming to Nigeria

Local Bitcoin Remittance service Bitstake launches in Nigeria

Monday, July 6, 2015

Video - Council want former Finance Minister Okonjo Iweala investigated


A war of words is currently brewing in Nigeria between the new government of President Muhammadu Buhari and the country's former Finance Minister, and it's all about money from the the excess crude account.

Nigeria Super Eagles coach Stephen Keshi sacked

The former Nigeria international, who coached his country to victory in the African Cup of Nations in 2013 and into the last 16 of the World Cup in Brazil last year before losing to France, has been replaced by Shuaibu Amodu, who was appointed Nigeria's technical director last week.

The statement issued by the NFF said it had reviewed Keshi's "actions and inactions" and found he lacked "the required commitment to achieve the federation's objectives as set out in the coach's employment contract."

It added it had "decided to exercise its option to summarily terminate the employment contract of Mr. Stephen Keshi with the federation with immediate effect".

An NFF disciplinary committee headed by Chris Green has been investigating allegations that Keshi applied to coach Ivory Coast while under contract with Nigeria.

Keshi, 53, took over the national side in 2011 and led them to a long-awaited third African title two years later.

The charismatic coach then quit the day after their 1-0 victory over Burkina Faso in the final, only to change his mind a day later.

The same thing happened after the World Cup last year when he quit and was then reinstated before threatening to leave again last October after a poor run of results as they failed to qualify for this year's African Cup of Nations.

Keshi is the only African coach to qualify two African teams for the World Cup finals -- Togo in 2006, as well as Nigeria. He played 64 times for his country and spent the peak years of his playing career in Belgium in the 1980s and 1990s.

Times Live

Two bomb attacks leaves many dead in Jos, Nigeria

Two bomb attacks on the central Nigerian city of Jos have left at least 44 people dead, the authorities say.

A restaurant and a mosque were targeted on Sunday night.

No-one has claimed responsibility but militant group Boko Haram has attacked Jos before, even though it is not in north-east Nigeria where the Islamists normally operate.

The blasts are the latest in a series of deadly attacks in recent days which have seen more than 200 people killed.

The attacks came shortly after the Ramadan fast was broken, with both sites full of people.

Of the 44 dead, 23 were killed at the restaurant and 21 at the mosque, Nigeria's National Emergency Management Agency (Nema) says.

There are also 47 people being treated for injuries, but emergency officials are still gathering information, so the figures may rise.

The blast at the restaurant was caused by a bomb that had been planted, whereas the mosque was attacked by a suicide bomber and that explosion was preceded by gunfire, the BBC's Ishaq Khalid reports.

Our correspondent says that many believe that the mosque's imam, who was preaching at the time, may have been the target.

Sheikh Muhammad Sani Yahya Jingir, who survived the attack, is known for preaching against Boko Haram and has written a book, which criticises the group, called Boko Halal (Western education is permitted - Boko Haram means Western education is forbidden).

He has survived a previous assassination attempt at his home and is seen as one of the most influential clerics in Nigeria.
Why the upsurge in attacks? Will Ross, BBC News, Nigeria

It is not unusual for there to be a heightened risk of jihadist attacks during the holy Muslim month of Ramadan.

Boko Haram may be trying to deepen its ties with the jihadists fighting in Iraq and Syria who had called for "a month of disasters for the infidels".

Many of the recent attacks have been by suicide bombers - often young women.

Where the bombs are being made and where the bombers are being brainwashed is unclear but the Nigerian intelligence and security services need to do far more to stop the bloodshed.

Once again the range of targets is alarming and on this latest bloody Sunday a church and a mosque were bombed within hours of each other.

Jos has seen several attacks blamed on Boko Haram, including an incident in February when at least 15 died and in December last year when more than 30 people died.

The city has in the past seen clashes between Muslim and Christian communities and some have suggested that Boko Haram is looking to exploit these fault-lines.

On Friday, Nigeria's President Muhammadu Buhari described the recent attacks as "inhuman and barbaric".

In power now for just over a month, the president was elected on the pledge to defeat Boko Haram.

He said they were "the last desperate acts of fleeing agents of terrorism".

Boko Haram took control of a large area of north-eastern Nigeria last year and declared a caliphate - a state governed in accordance with Islamic law.

However, Nigeria's military, backed by troops from neighbouring countries, has recaptured most of the territory.

President Buhari has called for an expanded regional force to be deployed more rapidly.


BBC

Friday, July 3, 2015

Boko Haram kill 150 in Nigeria

Nearly 150 people are reported to have been killed by suspected Boko Haram Islamist militants in attacks in Nigeria's north-eastern Borno state.

Eyewitnesses say the gunmen stormed the village of Kukawa near Lake Chad on Wednesday evening, killing 97 people, including women and children.

On Tuesday, the militants shot dead 48 men after they had finished prayers in two villages near the town of Monguno, a resident told the BBC.

The women are said to have been spared.

Monguno was recently recaptured from Boko Haram.

At least 23 people died in the town last month after a confiscated Boko Haram bomb exploded during celebrations to mark the successful military operation against the Islamist group.

According to Amnesty International, at least 17,000 people, mostly civilians, have been killed since 2009, when Boko Haram launched its violent uprising to try to impose militant Islamist rule.
'They spared nobody'

More than 50 militants stormed Kukawa on Wednesday, eyewitness Babami Alhaji Kolo was quoted as saying by the AFP news agency.

"The terrorists first descended on Muslim worshippers in various mosques who were observing the Maghrib prayer shortly after breaking their fast," he said.

As a minute's silence is held to remember the 38 people killed in Tunisia one week ago, Nigerians woke up to a different kind of silence following the reported killing of close to 150 people in Borno State. Official silence. Nothing from the military and nothing from the government, whilst the state-owned TV station led its morning news bulletin with a report on a diplomatic appointment.

No-one knows how many people were shot or had their throats slit by the jihadists who targeted several villages on Tuesday and Wednesday - it is impossible for people who are fleeing for their lives or rushing the injured away in wheelbarrows to stay back and count.

The fact that it took as many as 48 hours for any news of the atrocities to reach the main city in Borno State, Maiduguri, points to just how cut off and vulnerable these communities are.

Boko Haram may no longer hold territory but there is little to celebrate when large swathes of the north-east are clearly not under any kind of government control.

"They... opened fire on the worshippers who were mostly men and young children.

"They spared nobody. In fact, while some of the terrorists waited and set most of the corpses on fire, others proceeded to houses and shot indiscriminately at women who were preparing food," he said.

A resident of Monguno told BBC Hausa he had heard gun shots at one of the two villages attacked on Tuesday and saw it on fire.

"They were praying in the mosque when Boko Haram attackers descended on the village. They waited till they finished the prayers. They gathered them in one place, separated men from women and opened fire on them," he said.

"Many died, some escaped. They then set the village on fire. I saw five victims with bullet wounds who managed to escape. They were brought to [Monguno] on wheelbarrows, before they were transferred to vehicles that took them to hospitals."

The politician representing the area, Mohammed Tahir Monguno, said jihadist fighters who had recently been flushed out of their stronghold in the Sambisa forest had settled in these villages close to Lake Chad.

He said that before the attack, he had notified the military of the jihadists' presence, warning that the villages were not safe.

These are the worst Boko Haram attacks for many weeks, BBC Nigeria correspondent Will Ross reports.

The group has carried out frequent bombings since it was weakened by a regional military offensive to recapture most of the territory it had controlled.

Nigeria's new President Muhammadu Buhari says his main priority is improving the regional effort to defeat Boko Haram.

The group is still holding many women, girls and children captive, including 219 schoolgirls it kidnapped from a school in Chibok in April last year.


BBC