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NIGERIAN NEWS

SEC Set to Enforce Regulations on Unregistered Crypto Exchanges in Nigeria

The Nigeria’s Securities and Exchange Commission (SEC) has announced its intention to begin enforcement actions against individuals and business entities, including cryptocurrency exchanges, that operate outside its regulatory framework according...
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Nigerian Government Refutes U.S. Lawmakers’ Claims on Binance Executive’s Health in Detention

The Federal Government of Nigeria has dismissed allegations by United States lawmakers concerning the health and prison conditions of Tigran Gambaryan, a Binance executive detained in Nigeria. Gambaryan is currently...
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Nigerian SEC Unveils Accelerated Program for Virtual Assets Service Providers

The Nigerian Securities and Exchange Commission (SEC) has announced a new initiative to expedite the registration process for Virtual Assets Service Providers (VASP) within the country. This program, unveiled on...
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IMF Calls for Stricter Regulation of Crypto Trading Platforms in Nigeria

The International Monetary Fund (IMF) has recently issued recommendations for the regulation of global crypto trading platforms operating in Nigeria. The swift rise of foreign exchange (FX) trading platforms in...
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Federal High Court Discharges Foreign Nationals in FIRS vs Binance Tax Evasion Case Amid Growing Crypto Scrutiny in Nigeria

According to recent reports, the Federal High Court has discharged Tigran Gambaryan, a 39-year-old American, and Nadeem Anjarwalla from the tax evasion case involving the cryptocurrency exchange giant, Binance. The...
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Nigeria’s Crypto Industry: Navigating Uncertainty Under President Tinubu’s Administration

Nigeria’s crypto industry stands at a critical juncture, experiencing a blend of hope and concern as it navigates the policies and actions of President Bola Tinubu’s administration. In the past...
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Nigerian Court Rules Binance Executive Can Face Trial

A Nigerian court has determined that Tigran Gambaryan, Binance’s chief financial compliance officer, can be tried as a representative of the cryptocurrency exchange in a case involving allegations of tax...
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Nigerian Fintech Giants Clamp Down on Crypto Transactions Amid Regulatory Pressure

In a move signaling a significant shift in Nigeria’s fintech landscape, major players like Moniepoint, PalmPay, and Paga have issued stern warnings to their users against conducting cryptocurrency transactions through...
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Nigeria’s Central Bank Denies Crypto Crackdown

According to recent reports, Nigerian authorities are ramping up efforts to curb crypto trading, taking aim at popular peer-to-peer (P2P) platforms such as OKX, Binance, KuCoin, and Bybit. A circulating...
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Nigerian President Appoints New SEC Director-General and Board Chairman

Image credits: Getty images    President Bola Tinubu of Nigeria has appointed Emomotimi Agama as the Director-General of the Securities and Exchange Commission (SEC). Furthermore, the president has endorsed the...
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CryptoCurrencyUSDChange 1hChange 24hChange 7d
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