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Nalezeno "Nigeria": 818

Nigeria Seizes $37.5M in Digital Assets After Court Grants Freezing Order

16.8.2024
The Nigerian government has seized approximately $37.5 million in digital assets from the organizers of the Endbadgovernance protests. The funds were frozen by a court order based on a claim by the Economic and Financial Crimes Commission, which alleged that the money was linked to money laundering...

Nigeria Blocks Jailed Binance Executive Tigran Gambaryan’s Legal Team

15.8.2024
Jailed Binance employee and an American citizen, Tigran Gambaryan, is reportedly experiencing severe health issues. Since a Nigerian court adjourned his hearing to October 11, his detention conditions have worsened, and his legal team has been blocked from visiting him, violating Nigerian...

Nigerian Files Lawsuit to Overturn Crypto Ban, Seeks BTC Commodity Status

11.8.2024
A Nigerian bitcoin proponent has launched a lawsuit challenging government restrictions on owning, using, and trading digital assets. The proponent said the lawsuit seeks to remove the blockade on cryptocurrency exchanges, ensuring all Nigerians have unrestricted access. Crypto Restrictions Deny...

Group Urges Nigeria to End Naira Float, Reinstate Subsidies

7.8.2024
The Nigerian government has been urged to abandon a floating foreign exchange system and reintroduce subsidies in the power and energy, agriculture, and transportation sectors. In a communique, the Multidisciplinary Finance Professionals (MFP) said the Nigerian government should not determine...

Nigeria Acts to Stabilize Currency with Forex Auction

4.8.2024
The Central Bank of Nigeria (CBN) will reintroduce a foreign exchange auction system as part of efforts to ease pressure on the local currency. The CBN has called on authorized dealer banks to share their respective lists of outstanding forex demand by end users. Auction System Aims to Mitigate...

Whatsapp Warns It May Leave Nigeria Over Order to Pay a $220 Million Fine

3.8.2024
Whatsapp, the social media platform owned by Meta Inc., has stated that it would be impossible to comply with additional demands from Nigeria’s consumer protection agency. The social media platform argues that the Nigerian agency’s order compelling it to pay a $220 million fine contains multiple...

Nigerian CBDC Adoption Lags, Makes Up Less Than 1% of Currency in Use

30.7.2024
Nigeria’s central bank digital currency, known as the eNaira, was the first of its kind in Africa. However, it currently represents only about 0.36% of the total currency in circulation. Nigerian experts attribute the slow adoption of the e-naira to its perceived lack of significant benefits...

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