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Nigeria

Nigeria Sets Its Sights on Resilient Digital Infrastructure, Not Just Catching Up

  At GITEX Nigeria 2025 held in Lagos, Nigeria’s Minister of Communications and Digital Economy, Bosun Tijani, delivered a compelling address underscoring the nation’s need to build a resilient global...
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Nigeria Sues Binance for $81.5 Billion Over Alleged Economic Losses and Unpaid Taxes

The Nigerian government has taken legal action against Binance, the world’s largest cryptocurrency exchange by trade volume, seeking a staggering $81.5 billion in damages and back taxes. This move marks...
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CoinEx Shines at Ibom Tech Week 2024, Reinforcing Commitment to Cryptocurrency Education in Nigeria

CoinEx, a leading cryptocurrency exchange platform, showcased its commitment to advancing blockchain education and community engagement during the recently concluded Ibom Tech Week, held from October 28 to November 2,...
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Nigerian Court Orders Release of Binance Exec Tigran Gambaryan Amid Health Concerns

  In a recent development, a Nigerian court ordered the release of Binance executive Tigran Gambaryan, following the government’s decision to drop money laundering charges against him. The charges were...
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Dr. Bisi Aina Reflects on Soft Alliance’s Impact and Milestones During Nigeria FinTech Week

At the Nigerian FinTech Week, Dr. Bisi Aina, Managing Director of Soft Alliance, articulated the company’s plans to enhance its flagship disbursement platform, SoftPay. This discussion took place in an...
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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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Courtroom Drama as Detained Binance Executive, Tigran Gambaryan, Files Fresh Bail Application on Medical Grounds

Tension ran high at the Federal High Court in Abuja on Monday as Tigran Gambaryan, a detained executive from Binance, filed a new bail application citing medical reasons. Gambaryan, who...
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Nigeria’s SEC Takes a Historic Step Towards Regulating Cryptocurrency with First Provisional License

In a significant development for Nigeria’s financial sector, the Securities and Exchange Commission (SEC) has issued its first provisional license for a cryptocurrency exchange. This move marks a critical turning...
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Nigerian Government Freezes $37 Million in Crypto Wallets Amid Money Laundering Allegations

In a significant crackdown, the Nigerian government has frozen four cryptocurrency wallets holding over $37 million in Tether’s USDT stablecoin, according to a report from Premium Times. The Economic and...
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OKX to Cease Operations in Nigeria Amid Regulatory Changes

In a significant move, cryptocurrency exchange OKX has announced its decision to halt operations in Nigeria, citing recent changes in local laws and regulations. This announcement was made in a...
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