News about NIGERIA

News about Nigeria

Binance gets shut down in Nigeria — but it’s the wrong Binance

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Here’s what Nigeria’s naira float means for its crypto market

The move reduces the likelihood of artificial price differences between the naira and cryptocurrencies in different markets. On June 14, Nigeria, known for its growing...

How Nigeria's Internet Fraudsters Built a $760 Million Bitcoin Empire - hackernoon.com

How Nigeria's Internet Fraudsters Built a $760 Million Bitcoin Empire& & hackernoon.com

Nigeria asks Binance to halt its operations in the country

Another blow for Binance submitted by /u/kryptoNoob69420 [link] [comments]

Security Agency Detains Nigeria's Suspended Anti-Bitcoin Central ... - Bitcoin News

Security Agency Detains Nigeria's Suspended Anti-Bitcoin Central ...& & Bitcoin News

Security Agency Detains Nigeria’s Suspended Anti-Bitcoin Central Bank Governor

The Central Bank of Nigeria governor, Godwin Emefiele, was suspended by Nigerian President Bola Ahmed Tinubu on June 9 and was subsequently arrested by a domestic security agency. Several reports have linked Emefiele’s suspension to the central...

Nigeria Orders Binance to Halt Operations while Hong Kong Welcomes Coinbase

Nigeria's financial regulator has ordered Binance to halt its services in the country saying the exchange was neither registered nor regulated. In a circular issued on June 9, the Securities and Exchange Commission (SEC) in Nigeria termed the exchang...

Binance Nigeria Declared Illegal Despite Country's Blockchain Technology Push

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Nigerian Regulator Labels Binance Affiliate’s Local Operations Illegal

The Nigerian Securities and Exchange Commission has said crypto exchange Binance’s local affiliate “is neither registered nor regulated by the Commission and its operations in Nigeria are therefore illegal.” The regulator has also s...

Nigeria regulator halts Binance operations: Report

According to Nigeria’s securities regulator, Binance is neither registered nor regulated in the country, making its operations illegal. It has been a tough week for cr...

Nigeria’s SEC orders Binance Nigeria Limited to stop operations

Nigeria’s SEC said Binance Nigeria Limited is neither registered nor regulated and its operations in Nigeria are illegal. The order against Binance Nigeria Limited comes days after the US SEC sued Binance and its founder CZ. Nigeria’s SE...

Nigerian Regulator Declares Local Binance Operations As 'Illegal'

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Binance Hit With Suspension Notice In Nigeria By Market Regulator

In a significant move, Nigeria’s market regulator has issued a directive to suspend the operations of Binance, the largest cryptocurrency exchange globally, within the country. The regulator stated that the exchange’s local unit, which ha...

Nigeria to tax crypto, digital assets 10% on capital gains — Experts react

The legislation aims to enhance fiscal transparency, boost revenue and recognize cryptocurrencies as legitimate assets. On the eve of his departure from office on May...

Transforming the Financial Landscape (B-EMPIRE BITCOIN): The ... - Guardian Nigeria

Transforming the Financial Landscape (B-EMPIRE BITCOIN): The ...& & Guardian Nigeria

Nigerian Central Bank Blasts Naira Devaluation Report — Publication Stands by Its Story

The Central Bank of Nigeria (CBN) said on June 1 that the report claiming it had devalued the local currency to N631 per dollar “is replete with outright falsehoods and destabilising innuendos.” The Nigerian publication Daily Trust has sa...

Here’s Why The CBN Will Not Allow Nigerians Withdraw Crypto From Commercial Banks

Nigeria’s history with crypto has been a bittersweet one where the citizens have embraced digital assets with open arms but the government remains vehemently against it. This resulted in a ban on cryptocurrencies in the country where citizens have be...

New Nigerian President Slates Central Bank’s Interest Rate and Currency Demonetization Policy

The new Nigerian president Bola Ahmed Tinubu has deplored the Central Bank of Nigeria (CBN)’s aggressive interest policy which he has reportedly labeled “anti-people” and “anti-business.” Tinubu also announced the scrapp...

Hackers Breach Nigerian Crypto Trading Platform — BTC and Naira Assets Compromised

The Nigerian gift card and crypto trading platform, Patricia, announced on May 26 that one of its trading applications had been breached and that BTC as well as naira assets were compromised. The crypto exchange platform said it has since suspended w...

Nigerian crypto company suspends withdrawals after BTC and naira compromise

Efforts are underway to recover compromised assets and enhance security measures as users express concerns on social media. Patricia — a Nigerian gift card and crypto...

Nigerian government formally approves blockchain use

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What Does Nigeria’s Blockchain-Friendly Regulatory Change Mean For Bitcoin Adoption?

This is an opinion editorial by Heritage Falodun, a Bitcoin consultant and computer scientist based in Nigeria.On May 3, 2023, during a federal executive council meeting presided over by President Muhammadu Bu...

Nigeria Regulation Friendly To Bitcoin - Bitcoin Magazine

Nigeria Regulation Friendly To Bitcoin& & Bitcoin Magazine

Nigeria's Blockchain Policy: Time To Invest In Litecoin, Bitcoin, and ... - Analytics Insight

Nigeria's Blockchain Policy: Time To Invest In Litecoin, Bitcoin, and ...& & Analytics Insight

Nigeria-China Currency Swap: Activist Lawyer Accuses IMF and World Bank of ‘Economic Sabotage’ to Promote US Dollar, Urges Nigeria to Join BRICS

Nigerian human rights activist and lawyer, Femi Falana, has accused the International Monetary Fund (IMF) and the World Bank (WB) of sabotaging the currency swap arrangement between China and Nigeria. Falana said the Nigerian central bank and the two...

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