Search
‘Quick-Money’ Nigerian Crypto Platform’s Withdrawal Plan Met With Suspicion
6.5.2025
The troubled Nigerian digital asset platform Crypto Bridge Exchange (CBEX) recently announced new withdrawal options in an effort to restore investor confidence. Sources revealed that the company made this announcement after facing claims of collapse. Under the new rules, investors with up...
Nigeria Customs Pilots Electronic Currency Declaration at Abuja Airport
4.5.2025
The Nigeria Customs Service (NCS) has successfully piloted its Electronic Currency Declaration Form (E-CDF) at Nnamdi Azikiwe International Airport in Abuja, as part of its digital transformation efforts to enhance border security and financial disclosure transparency. The pilot, which began...
$2.5M Crypto Scheme Busted: Nigerian Suspect Tracked to US Custody
12.4.2025
A globe-spanning crypto romance scam that funneled $2.5 million through digital wallets has unraveled, exposing a mastermind now staring down 40 years behind bars. Feds Hunt Down Suspect in $2.5M Crypto Scam—Now He Faces 40 Years in Prison The U.S. Department of Justice (DOJ) announced on April...
Nigeria’s CBN Calls 5,000 and 10,000 Naira Banknote Report ‘Fake News’
3.4.2025
The Central Bank of Nigeria (CBN) has dismissed as fake news a report stating it issued ₦5,000 and ₦10,000 banknotes to enhance cash transactions. The CBN said the report, circulating on social media and claiming the new banknotes would become legal tender on May 1, 2025, did not originate from...
SEC Nigeria to Regulate Virtual Asset Service Providers Under New Law
1.4.2025
Nigeria has taken a significant step towards regulating cryptocurrencies with the signing of the Nigerian Investments and Securities Act (ISA) 2025 into law. Cryptocurrency Officially Recognized As Asset Class The Nigerian Investments and Securities Act (ISA) 2025, recently signed into law...
Nigeria Alleges Binance Facilitated Terrorism, Kidnapping Funding
31.3.2025
Nigeria’s government has accused Binance of facilitating terrorism and kidnapping financing through illicit fund transfers on its cryptocurrency exchange platform. Binance Faces Increasing Legal Challenges in Nigeria Prior to the Nigerian government’s crackdown on Binance, kidnapping gangs...
Premium on Naira Banknotes: Central Bank Condemns, Urges Action Against Illegal Currency Dealers
19.3.2025
The Central Bank of Nigeria has raised concerns over illegal currency dealers charging premiums of 20–40% on naira banknotes. Threat to Naira Credibility The Nigerian central bank has raised alarms over the growing practice in which illegal currency dealers charge a premium on local currency...
Coinbase Expands Into Nigeria With Onboard Global Partnership
27.2.2025
Coinbase has partnered with Onboard Global to offer Nigerian users secure and efficient cryptocurrency trading. Shielding Coinbase from Regulatory Risk Coinbase and Onboard Global have partnered to provide secure and efficient cryptocurrency trading for Nigerian users. The collaboration enables...
Nigeria Sues Binance for $81.5 Billion in Economic Losses and Back Taxes
20.2.2025
Nigeria Sues Binance for $81.5 Billion in Economic Losses and Back Taxes
Binance Faces Massive $81.5 Billion Lawsuit From Nigerian Government
19.2.2025
Nigeria has sued Binance for $81.5 billion for running an unlicensed operation and tax evasion. Nigeria Demands Binance Pay for Economic Harm The Nigerian government has reportedly filed a lawsuit against Binance, seeking $79.5 billion in compensation for “economic losses” and...
Binance vs. Nigeria: Tigran Gambaryan Denies Allegations of Spiriting $26 Billion Out of African Country
15.2.2025
On Valentine’s day, Tigran Gambaryan reiterated claims that rogue Nigerian lawmakers demanded a $150 million bribe in exchange for dropping the case against the cryptocurrency exchange. Fake Meeting Tigran Gambaryan, head of financial crime compliance at Binance, has reiterated the claim that...
Nigeria Embraces Blockchain: SEC Director General Sees Huge Potential for Capital Market Regulation
8.2.2025
The director general of the Nigerian Securities and Exchange Commission (SEC) has praised blockchain technology for its potential to improve efficiency and aid in capital market regulation. Blockchain Solutions for Africa’s Challenges Emomotimi Agama, director general of the Nigerian...
New Stablecoin Aims to Bring Regulatory Compliance to Nigeria’s Digital Economy
8.2.2025
A coalition of software firms recently launched Nigeria’s first compliant stablecoin, cNGN, which is now included in the Nigerian Securities and Exchange Commission incubation program. Stablecoin to Bring ‘Stability’ to Nigeria’s Digital Economy A coalition of software...
Nigerian Fintech Moniepoint Secures Over $10m Investment From Visa, Eyes Expansion in Africa
30.1.2025
Visa has invested over $10 million in African fintech Moniepoint, joining its Series C funding round, which now exceeds $120 million. Moniepoint provides banking, credit, and payment services to businesses and individuals in Africa. The investment aims to drive financial inclusion and support...
Nigeria Approves First Dedicated AI University in Africa
20.1.2025
Nigeria is set to launch Africa’s first dedicated artificial intelligence (AI) university, Wini Institution, in Epe, Lagos. This ambitious project aims to equip young Nigerians with cutting-edge AI skills, fostering a thriving tech ecosystem and positioning Nigeria as a global leader in...
Nigeria’s SEC Warns Crypto License Applicants: Meet Registration Requirements or Face Rejection
9.1.2025
The Nigerian securities regulator has cautioned that some applicants for virtual asset service provider (VASP) licenses do not meet regulatory requirements. SEC Welcomes Stakeholder Feedback The Director-General of the Nigerian Securities and Exchange Commission (SEC), Emotimi Agama, warned that...
Trump’s Dedollarization Warning Falls Flat as Nigeria, China Renew $2 Billion Currency Swap Deal
28.12.2024
China and Nigeria have renewed a $2 billion currency swap arrangement for another three years. Trump Tariff Threat China and Nigeria have agreed to renew a $2 billion currency swap arrangement, initially signed in 2018. The arrangement reportedly aims to strengthen financial cooperation between...
Nigerian SEC tightens crypto marketing rules
19.12.2024
The SEC’s new rules on digital asset promotions aim to “curb the menace” of social media influencers promoting unregulated crypto products
Nigerian SEC tightens crypto marketing rules
19.12.2024
The SEC’s new rules on digital asset promotions aim to “curb the menace” of social media influencers promoting unregulated crypto products
Nigerian SEC tightens crypto marketing rules
19.12.2024
The SEC’s new rules on digital asset promotions aim to “curb the menace” of social media influencers promoting unregulated crypto products