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NIGERIAN NEWS

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 imagesĀ    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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Binance Executive Escapes Custody in Nigeria Amid Tax Evasion Allegations

Nadeem Anjarwalla, one of the Binance executives detained in Nigeria over accusations of tax evasion and other offenses, has allegedly made a daring escape from custody, throwing authorities into a...
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Nigeria’s SEC Proposes Stricter Capital Requirements for Crypto Exchanges

In a bid to fortify oversight and enhance risk management within Nigeria’s rapidly expanding cryptocurrency sector, the Securities and Exchange Commission (SEC) has unveiled a proposal to significantly raise the...
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Nigeria’s Largest Blockchain Innovation Hub Launched in Lagos, NITDA DG Represented at the Event

Yesterday Saturday 9th of March 2024, marked a significant milestone for the crypto and Blockchain sector in Nigeria, as the curtains were lifted on the largest Blockchain hub in Lagos,...
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Global Cryptocurrency Giant Binance Denies $10 Billion Fine Negotiations with Nigerian Government Amid Regulatory Dispute, Faces Accusations of Economic Sabotage

Binance Holdings Ltd has refuted claims of engaging in discussions with the Nigerian government regarding potential fines amounting to $10 billion. The contradiction comes in response to a statement made...
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Nigeria Hits Binance with $10 Billion Penalty Amid Forex Crisis Allegations

The Nigerian federal government has wielded its regulatory hammer, imposing a staggering $10 billion fine on the cryptocurrency trading giant Binance according to reports. The punitive measure comes amidst allegations...
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Binance Excludes Nigerian Naira from P2P Feature Amid Concerns Over CBN Clampdown

On Wednesday, the cryptocurrency trading giant Binance made a significant move by excluding the Nigerian Naira from its peer-to-peer (P2P) trading platform. This decision has sparked concerns among Nigerian users...
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Nigerian Central Bank Governor Reveals $26 Billion Flow Through Binance

In a recent report, Olayemi Cardoso, Governor of the Central Bank of Nigeria, revealed staggering figures indicating that over $26 billion has been channeled through the popular cryptocurrency platform, Binance,...
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Nathaniel Luz Comments on Nigerian Authorities’ Crackdown on Crypto Traders and OTC Exchanges Amid Naira Depreciation

In the midst of Nigeria’s government crackdown on crypto OTC traders, Nathaniel Luz, CEO of Flincap, has expressed strong opposition to the move, attributing the falling value of the naira...
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