• About
  • Advertise
  • Careers
  • Contact Us
Monday, June 23, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
ADVERTISEMENT
Home News

FG, Binance to Explore 1tr Dollar Virtual Economy via Blockchain

by Justice Godfrey Okamgba
September 5, 2022
in News
0
UBA
Advertisements

The modern economy is gradually developing and shifting into a virtual economic system. With the virtual economy in blockchains almost nearing $1 trillion in valuation, the Nigerian government wants to tap it through a virtual free zone. 

The virtual free zone is a project that will be a new hub for trade, innovation, and e-commerce. It will be designed to make Nigeria the first city for African trade in digital commerce, with no taxes, tariffs, or quotas on any imported goods.

The Federal Government is partnering with the biggest cryptocurrency exchange in the world, Binance, and Talent City to establish virtual free trade zones for service exports. 

The team from Binance had met with the Nigeria Export Processing Zones Authority (NEPZA) to discuss how the project was going to be a reality.

Binance was represented at the parley by Nadeem Ladki, its Executive Director, Regional Strategic Partnerships, and Sameera Kimatrai, Binance Senior Legal Counsel, while Luqman Edu, Chief Executive of Talent City, and Engr Sikiru Lawal, NEPZA’s Director of Projects and Procurement

The partnership was necessary after holding meetings with officials of the two firms on Friday in Dubai, United Arab Emirates, according to a statement from Managing Director, NEPZA,  Professor Adesoji Adesugba.

Professor Adesugba said the partnership, when agreed, would birth a virtual free zone similar to the one in Dubai. 

He said the vision would be centered on expanding the frontiers of innovations in the operations and management of free zones in Nigeria and Africa.

“We seek to break new ground to widen economic opportunities for our citizens in line with the authority’s mandate, the directive of the honorable minister, and the economic development plan of President Muhammadu Buhari.

“Our goal is to engender a flourishing virtual free zone to take advantage of a near trillion dollar virtual economy in blockchains and digital economy,” Adesugba said.

Loading

Advertisements
MTN ADS

Author

  • Justice Godfrey Okamgba
    Justice Godfrey Okamgba

    View all posts
0Shares
Tags: Binanceblockchain
Justice Godfrey Okamgba

Justice Godfrey Okamgba

Next Post

ETHEREUM MERGE: What You Need to Know and Opportunities Around It

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

Power

TCN Restores Electricity in 8 Northern States

8 months ago
Zoholics Nigeria 2023 by Zoho

#Zoholics: Zoho Records 50% Growth in Nigeria in 2022

2 years ago

Popular News

    Connect with us

    • About
    • Advertise
    • Careers
    • Contact Us

    © 2025 TECHECONOMY.

    No Result
    View All Result
    • News
    • Tech
      • DisruptiveTECH
      • ConsumerTech
      • How To
      • TechTAINMENT
    • Business
      • Telecoms
      • Mobility
      • Environment
      • Travel
      • StartUPs
        • Chidiverse
      • TE Insights
      • Security
    • Partners
    • Economy
      • Finance
      • Fintech
      • Digital Assets
      • Personal Finance
      • Insurance
    • Features
      • IndustryINFLUENCERS
      • Guest Writer
      • EventDIARY
      • Editorial
      • Appointment
    • TECHECONOMY TV
    • Apply
    • TBS
    • BusinesSENSE For SMEs

    © 2025 TECHECONOMY.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Translate »
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.