Search

Nalezeno "nigeria": 902

Nigerian Blockchain Group Ousts President, Who Remains Defiant

14.9.2024
The Stakeholders in Blockchain Association of Nigeria (SIBAN) expelled its president, Obinna Iwuno, for allegedly registering an illegal body and misusing his position. Iwuno denied these allegations and accused the SIBAN board of trustees of acting unlawfully. Despite the expulsion, Iwuno claimed...

Nigeria Accuses Four Crypto Traders of Forex Regulations Violations

13.9.2024
The Nigerian government has filed criminal charges against four individuals and several firms for allegedly conducting illegal crypto transactions, including USDT to naira conversions, without a banking license. The four are Ejiogu A. Chinedu, Nnamdi F. Okereke, Oty Ugochukwu Stanley,...

US Urges Nigeria to Release Jailed Binance Employee, Considers ‘Wrongfully Detained’ Designation

13.9.2024
The U.S. is urging Nigeria to release Tigran Gambaryan, a jailed Binance employee, due to humanitarian concerns. This has become a major point of tension in U.S.-Nigeria relations. U.S. officials say Gambaryan’s health issues warrant his release, while his family claims he’s denied...

US Once Again Urges Nigeria to Release Gambaryan of Binance

13.9.2024
The U.S. government has once again urged Nigeria to release an employee of the leading crypto exchange Binance,…

US diplomats pressure Nigeria to release detained Binance exec

12.9.2024
Tigran Gambaryan, a United States citizen and former Internal Revenue Service agent, has been detained in Nigeria since February 2024

India, Nigeria, Indonesia Lead Chainalysis 2024 Crypto Adoption Index

12.9.2024
India, Nigeria, and Indonesia top Chainalysis’ latest global crypto adoption index, which ranks 151 countries based on grassroots cryptocurrency usage, adjusted for population and purchasing power. The report notes strong growth in crypto activity, particularly in lower-income nations....

Nigerian Agency Gets Nod to Freeze $330,000 in Crypto Users’ Bank Accounts

12.9.2024
A Nigerian anti-corruption agency froze bank accounts (over $330,000) belonging to suspected cryptocurrency users on global platforms like Kucoin and Bybit. The agency believes these users manipulated the Nigerian currency (naira) through their trading activity. The exchanges are also accused...

India and Nigeria Lead the World in Crypto Adoption Again, but Indonesia Is Fastest Growing: Chainalysis

11.9.2024
India and Nigeria have maintained the top two positions in the world in terms of grassroots crypto adoption but Indonesia is the fastest growing, according to blockchain analytics firm Chainalysis' annual report released Wednesday

Nigeria SEC to Commence Enforcement Action on Unlicensed Crypto Firms: Reports

10.9.2024
We are certainly going to commence enforcement actions on anyone who wants to operate in this market and does not have the intention of being regulated, Emomotimi Agama, the SEC's Director General said

Nigeria Resumes Dollar Sales to Money Changers Amid Naira’s Decline

10.9.2024
The Central Bank of Nigeria resumed selling US dollars to money changers to address the falling value of the naira. This decision came after the naira-to-dollar exchange rate dropped to a low of NGN1,639 per dollar, likely due to increased demand for US dollars for travel and business. The central...

Nigerian Regulator Threatens Crackdown on Unlicensed Crypto Entities

10.9.2024
The Nigerian Securities and Exchange Commission (SEC) has vowed to crack down on unlicensed cryptocurrency businesses targeting Nigerians. This comes just two weeks after approving two crypto exchanges and promising to consider similar applications. The SEC aims to protect investors without...

Nigeria’s SEC to crack down on unregulated crypto exchanges

9.9.2024
Nigeria’s SEC will enforce regulations on unregulated crypto businesses, protecting investors while encouraging innovation in the growing market

US, Nigeria Convene AI Conference to Promote Inclusive Tech Adoption

9.9.2024
The U.S. and Nigeria will host a pan-African Artificial Intelligence (AI) conference in Lagos from September 10-11. The conference will bring together government officials, tech leaders, and civil society to discuss the opportunities and challenges of AI development and use. Participants will work...

Mansa Partners With Nigerian Blockchain Platform Bitmama to Boost Cross-Border Payments

8.9.2024
The Nigerian blockchain payment platform Bitmama has partnered with the decentralized finance platform Mansa to improve cross-border payment accessibility in Africa. This partnership aims to enhance consumer payment capabilities and support trade across borders. Mansa’s liquidity solution...

Nigerian Scammer’s Crypto Wallet Seized by Kansas Attorney General

6.9.2024
Kansas Attorney General Kris Kobach announced the recovery of an international crypto wallet and stated that the funds will be returned to a Kansas resident defrauded in a crypto scam. This followed a lawsuit against Bimbo Toyin Akinyemi, a Nigerian national accused of the fraud. The court ordered...