News about NIGERIA

News about Nigeria

Nigeria Receives Nearly $100,000 From Unlicensed Crypto Firms - Bitcoin.com News

Nigeria Receives Nearly $100,000 From Unlicensed Crypto Firms& & Bitcoin.com News

Nigerian Judge Keeps Binance Exec Gambaryan In Jail: Health Fears Not Enough

A Nigerian Federal High Court has upheld the detention of Tigran Gambaryan, a Binance Holdings Ltd. executive, rejecting his recent bail application on health grounds. The decision, delivered by Justice Emeka Nwite on Friday, maintains Gambaryan’s in...

Nigerian Court Denies Binance's Tigran Gambaryan Bail amid Health Concerns

A Nigerian court has denied a bail application for Tigran Gambaryan, an executive at Binance Holdings Ltd, citing his trial on money laundering and currency manipulation allegations. The court ruled today (Friday) that Gambaryan's health condition di...

Nigerian Fintech Okra Launches Cloud Unit to Boost Revenue

Nigerian fintech startup Okra has entered the cloud infrastructure market in West Africa with its new subsidiary, Nebula. The move aims to diversify revenue and mitigate economic risks. Nebula offers a more affordable alternative to global cloud prov...

Nigerian Regulator Pledges to Fight Crypto Fraud

The Nigerian Securities and Exchange Commission (SEC) vows to crack down on fraud, money laundering, and market manipulation in the crypto sector. The SEC director general, Emomotimi Agama, emphasized the importance of educating investors. Lagos Stat...

Nigerian Regulator Pledges to Fight Crypto Fraud - Bitcoin.com News

Nigerian Regulator Pledges to Fight Crypto Fraud& & Bitcoin.com News

Nigeria Injects $543.5M to Shore up Naira

The Central Bank of Nigeria (CBN) injected $543.5 million into the Nigerian foreign exchange market between September 6th and 30th to address currency volatility. The bank attributed the volatility to high demand for imports and seasonal factors. Nig...

Nigeria Central Bank Governor Defends Naira Float Decision

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, emphasized the importance of the decision to float the naira, despite public criticism of the move. He stated that the disparity between official and parallel exchange rates encourag...

Nigeria’s Oil-for-Naira Program, Blackrock’s New Stablecoin, and More — Week in Review

Nigeria introduced an “oil-for-naira” program by selling crude oil to Aliko Dangote’s refinery in a bid to stabilize the weakening local currency. Blackrock announced its support for UStb, a new stablecoin from Ethena Lab...

Nigeria Introduces System to Boost Forex Market Transparency

The Central Bank of Nigeria (CBN) is launching a new electronic system (EFEMS) to improve transparency in the foreign exchange market. This comes as the Nigerian currency weakens. Authorized dealers must comply with existing regulations and complete...

Nigeria Introduces System to Boost Forex Market Transparency - Bitcoin.com News

Nigeria Introduces System to Boost Forex Market Transparency& & Bitcoin.com News

Nigeria to Launch $1.5M Initiative to Boost AI Development

Nigeria’s Minister of Communications, Innovation, and Digital Economy, Bosun Tijani, has announced a $1.5 million initiative to boost the country’s Artificial Intelligence (AI) development. This fund, supported by Luminate, a global found...

Binance Executive Tigran Gambaryan's Unlawful Detention in Nigeria Sparks U.S. Political Outcry | COINOTAG NEWS

In a significant international news development, Tigran Gambaryan, a key executive at Binance and U.S. citizen, remains detained in Nigeria, prompting calls for urgent diplomatic intervention. This case has seen heightened advocacy from U.S. Co...

Nigeria’s FX crisis fuels crypto usage as transactions hit $59bn - Businessday NG

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Nigeria Unveils Oil-for-Naira Program to Stabilize Local Currency

Nigeria began selling crude oil to billionaire Aliko Dangote’s new refinery in naira on October 1st. This “oil for naira” scheme aims to ease pressure on the struggling Nigerian currency, the naira, which has lost significant value...

Nigerians fume as Hamster Kombat payouts fall flat

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Nigerian Currency Plunges After Central Bank Rate Hike

The Nigerian Naira weakened significantly against the U.S. dollar following the Central Bank of Nigeria’s (CBN) decision to hike interest rates for the fifth time this year. The naira dropped to NGN1,658 per dollar on the official foreign excha...

Nigeria’s Central Bank Raises Benchmark Rate by 50 Basis Points

The Central Bank of Nigeria (CBN) raised the Monetary Policy Rate (MPR) by 50 basis points to 27.25% and increased the Cash Reserve Ratio (CRR) for banks. These measures aim to combat inflation and stabilize the Nigerian economy. The CBN governor, Ol...

Nigerian Entrepreneur: Recent Regulatory Moves Signal Support for Crypto

While Nigerian authorities have generally been perceived as having an anti-crypto stance, recent developments on the regulatory front suggest a shift toward supporting crypto businesses. Buchi Okoro, CEO of the digital asset exchange Quidax, which re...

US Sentences Nigerian Darknet Fraud Leader to Five Years in Prison for $6M Scheme – Featured Bitcoin News

Another Prince in a Jail. submitted by /u/WineMakerBg [link] [comments]

US Sentences Nigerian Darknet Fraud Leader to Five Years in Prison for $6M Scheme

A Nigerian national has been sentenced to five years in federal prison for his role in a massive darknet fraud scheme that intended to cause over $6 million in losses, according to the U.S. Department of Justice (DOJ). Using various online aliases, K...

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