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Funny how 90% on social media are just focused in trading on short term related things Google top 10 richest people in crypto There’s not a single trader there, so you’re living in a dream if you think that you will make true wealth via trading
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Немає даних24 години
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-1730 днів
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- ER - коефіцієнт залучення
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Триває завантаження даних...
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and
ytz2VtpnGLidsuiqTTkYN2wgR8gcQwMFN7ZQgR2Jf3q
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PUMPA
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Repost from Crypto Pulse Nigeria
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KuCoin imposes 7.5% VAT for Nigerian users.
KuCoin, a cryptocurrency exchange, has announced that it will start collecting a 7.5 per cent Value-Added Tax on transaction fees for users in Nigeria, effective July 8, 2024.
“Starting from July 8th, 2024, we will begin collecting a Value-Added Tax (“VAT”) at a rate of 7.5% on transaction fees in each trade for users whose KYC information is registered in Nigeria.”
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Naira depreciation: 5 strategies to protect your finances.
When a currency like the Naira undergoes depreciation, it signals economic challenges that can impact individuals and businesses alike.
Diversify your investments
Allocating funds into assets denominated in stronger foreign currencies, such as US dollars or euros, can help shield your portfolio from the effects of Naira depreciation.
Hold foreign currency
Foreign currency can provide a direct safeguard against Naira depreciation.
Debt management
If you have debts denominated in foreign currencies, consider prioritizing repayment to avoid escalating costs caused by a weaker Naira.
Hedge Currency Risk
You could also consider employing forward contracts to secure exchange rates for future transactions.
Cut Non-Essential Spending
Begin by conducting a comprehensive review of your budget to identify and
reduce non-essential expenses.
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CBN Sells $122.67 Million to 46 Dealers to Stabilize FX Market
The Central Bank of Nigeria (CBN) announced the sale of $122.671 million to 46 authorized dealers to promote stability and reduce volatility in the foreign exchange market.
On July 10, 2024, $67 million was sold to 27 dealers, while $2.5 million was purchased from one dealer, with bid rates ranging from N1,480/$ to N1,500/$. Additionally, $55.171 million was sold to 19 dealers on July 11, 2024, at N1,540/$.
All purchases are to be used exclusively for trade-backed transactions and reported within 72 hours.
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