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Why Nigeria’s blockchain success hinges on private sector expertise
25.7.2024
As governments globally, including Nigeria, navigate the complexities of blockchain adoption, insights from industry leaders like YellowCard provide crucial guidance
Nigeria to Train 1,000 Residents Annually in AI and Blockchain Technologies
24.7.2024
The Federal Government of Nigeria has launched an initiative to train 1,000 Nigerians annually in artificial intelligence (AI), blockchain, and other cutting-edge technologies. The program, called the “AI Expertise Blockchain and Technology Training and Outsourcing Initiative,” aims...
Mercury Bank Blocks Fintech Founders From Nigeria, Ukraine, and a Dozen More Countries
24.7.2024
The U.S.-based fintech company, Mercury, will offboard startups whose founders reside in or whose businesses are headquartered in 14 African countries and six non-African states. Mercury CEO Immad Akhund stated that this decision impacts customers whose deposits constitute less than 1% of Mercury’s...
Nigeria to train 1,000 youths on AI, blockchain every year
24.7.2024
The Nigerian government has launched an annual training program for 1,000 citizens in AI and blockchain to position Nigeria ahead of global economies and foster innovation
Nigeria to train 1,000 youths on AI, blockchain every year
24.7.2024
The Nigerian government has launched an annual training program for 1,000 citizens in AI and blockchain to position Nigeria ahead of global economies and foster innovation
Meta to Appeal Nigeria’s $220 Million Data Privacy Fine
22.7.2024
Nigeria’s Federal Competition and Consumer Protection Commission (FCCPC) has fined Meta (formerly Facebook) $220 million for alleged data privacy violations. The investigation centered on Whatsapp LLC and Meta’s failure to allow users to consent to the gathering and use of their data. The FCCPC...
Nigeria’s Self-Proclaimed Crypto Billionaire Released From Police Custody
21.7.2024
The recently detained Nigerian self-proclaimed cryptocurrency billionaire, Linus Williams, has been released on bail. According to a controversial Instagram celebrity, Verydarkman, the crypto billionaire begged for release but is expected to answer for his alleged crimes soon. Self-Proclaimed...
Nigeria Acts to Defend Naira After Currency Hits New Record Low
21.7.2024
The Central Bank of Nigeria recently sold U.S. dollars to Bureaux de Change (BDC) at a flat rate of NGN1,450 per greenback. The central bank stated that eligible BDCs can sell the dollars to end-users at a margin of no more than 1.5% above the purchase exchange rate. The Nigerian apex bank...
Nigerian crypto star out on bail following police detention
20.7.2024
Industry watchers are closely monitoring the case for signs of how Nigerian authorities will handle similar cases, which could impact the country’s growing cryptocurrency sector
Nigerian crypto star out on bail following police detention
20.7.2024
Industry watchers are closely monitoring the case for signs of how Nigerian authorities will handle similar cases, which could impact the country’s growing cryptocurrency sector
OKX's exit From Nigeria sparks criticism from crypto analysts
18.7.2024
OKX stopped Naira withdrawals in May 2024 due to regulatory issues after Binance was accused of manipulating Nigeria’s currency and laundering money
Nigerian Prison Doctor Faces Arrest Over Jailed Binance Exec’s Health Report
18.7.2024
On July 16, a Nigerian court issued an arrest warrant for a prison doctor who failed to provide jailed Binance executive Tigran Gambaryan’s medical report as demanded. The court also ordered prison officials to take Gambaryan to a local hospital for 24 hours of medical care. Prison Doctor Fails...
OKX exchange exiting Nigeria due to regulatory concerns
17.7.2024
Though the announcement came as a surprise to many users, OKX has been winding down features in the Nigerian market for months
Nigeria begins review of its blockchain technology policy
17.7.2024
The steering committee’s work is actively toward Nigeria taking a leadership position in African blockchain development
Nigeria begins review of its blockchain technology policy
17.7.2024
The steering committee’s work is actively toward Nigeria taking a leadership position in African blockchain development
AI Preparedness Index: South Africa Best Prepared African Country; Nigeria Ranks Outside the Continent’s Top 7
17.7.2024
The latest International Monetary Fund (IMF) Artificial Intelligence Preparedness Index reveals that only seven African countries have preparedness indices of 0.4 or more. South Africa leads the continent with a score of 0.5, while the Republic of South Sudan (0.11) and the Central African Republic...
Nigerian police arrest crypto star in fraud crackdown
17.7.2024
As investigations proceed, the outcome of this case could set significant precedents for how cryptocurrency-related crimes are handled in Nigeria
Nigerian police arrest crypto star in fraud crackdown
17.7.2024
As investigations proceed, the outcome of this case could set significant precedents for how cryptocurrency-related crimes are handled in Nigeria
Nigeria Police Arrest Self-Proclaimed Crypto Billionaire on Charges of Cryptocurrency Fraud and Terrorism Funding
17.7.2024
On July 16, the Nigeria Police Force confirmed the arrest of Linus Williams, a self-proclaimed crypto billionaire also known as Blord. Williams faces charges related to internet fraud, terrorism funding, and violations of the Central Bank of Nigeria (CBN) Act. According to a police spokesman, some...
Nigeria’s SEC advised to regulate Bitcoin, Ether as commodities
13.7.2024
By treating Bitcoin and Ether as commodities, Nigerian regulators can establish a more tailored regulatory framework that reflects the unique characteristics of these digital assets