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NIGERIAN NEWS

CBN Refutes Polaris Bank Liquidation Rumours, Reaffirms Stability of Financial System

Nigeria’s apex financial regulator, the Central Bank of Nigeria (CBN), has firmly denied circulating claims that Polaris Bank is facing liquidation, emphasizing that the country’s banking sector remains resilient and...
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Paga Founder Tayo Oviosu Steps Into Group CEO Role as Leadership Shake-Up Signals Pan-African Ambitions

Fintech veteran hands over Nigeria operations to Opeyemi Oyinloye while focusing on expansion, AI, and next-generation financial infrastructure Leadership Transition Marks a New Era Tayo Oviosu is stepping away from...
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CBN Launches Crypto Supervision Pilot to Strengthen Oversight of Digital Asset Firms

A New Phase for Crypto Regulation in Nigeria The Central Bank of Nigeria (CBN) has introduced a supervisory pilot program aimed at improving oversight across Nigeria’s digital asset industry. The...
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Flutterwave Secures Nigerian Banking Licence, Marking Major Leap for Digital Finance

Regulatory Approval Signals New Era Nigeria’s leading fintech company, Flutterwave, has reached a major milestone after securing a full banking licence from national regulators. The development is set to significantly...
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EFCC Raises Alarm Over Surge in Crypto-Related Crimes

Nigeria’s leading anti-corruption agencies have sounded the alarm over a sharp rise in financial crimes linked to digital currencies, warning that the rapid expansion of cryptocurrency usage is being exploited...
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Fintech Platforms Are Transforming SME Financing and B2B Trade in Nigeria

Small and medium-sized enterprises (SMEs) have long been the backbone of Nigeria’s economy, yet for years they remained largely excluded from formal financial systems. Despite contributing significantly to employment and...
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Binance Moves Toward Settlement Talks With Nigerian Government Over Tax Case

Binance has initiated discussions with the Nigerian government in an effort to resolve an ongoing tax evasion case outside the courtroom, signaling a possible shift in the high-profile legal dispute....
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Nigeria’s Crypto Market Nears $100bn as Regulators Step Up Oversight

By Oyewole Edward | March 19, 2026 Nigeria’s digital asset market is approaching a major milestone, with total cryptocurrency transaction volume estimated at nearly $100 billion. The figure highlights the...
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Nigeria Leads Global Stablecoin Adoption

By Oyewole Edward | March 18, 2026 Nigeria’s leading role with USDT and USDC. Recent research puts Nigeria at the top of the global rankings for stablecoin ownership, especially for...
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Nigeria SEC Raises Capital Requirements for VASPs, Reshaping the Crypto Industry

Nigeria SEC Raises Capital Requirements for VASPs, Reshaping the Crypto Industry   Nigeria’s Securities and Exchange Commission (SEC) has announced a sweeping revision of minimum capital requirements for capital market...
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