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The Nigerian government will implement a new tax regime for cryptocurrency profits, effective January 2026. Some industry experts are questioning the timing and effectiveness of the tax but others see…
Nigerian Central Bank Governor Olayemi Cardoso announced collaboration with the Securities and Exchange Commission (SEC) of Nigeria to create a sustainable digital currency framework. Collaboration on a Sustainable Digital Currency…
Sub-Saharan Africa saw a major spike in crypto activity in March, reaching $25 billion in monthly on-chain volume—driven largely by Nigeria’s centralized exchange usage. Nigeria Fuels Sub-Saharan Africa’s Crypto Growth…
The chairman of Nigerian anti-corruption body has issued a stark warning that Nigeria’s financial system is highly vulnerable to large-scale abuse if the country’s cryptocurrency activities remain unregulated. Collaboration for…
Under a recently passed law, the Nigerian Securities and Exchange Commission’s expanded mandate now includes regulating virtual assets, cryptocurrencies, and tokens as securities. Nigeria’s Landmark Digital Asset Legislation Nigeria is…
Nigerian terrorist group Boko Haram is increasingly relying on cryptocurrencies, mobile money, and other digital tools to fund its operations, transferring millions acquired through ransoms, looting, and extorted “zakat” donations.…
The founder of an African stablecoin association said he supports BitMEX founder Arthur Hayes’ claim that one-third of Nigeria’s GDP is conducted in USDT. He emphasized that stablecoins are a…
The Nigerian securities regulator has issued a warning against Zugacoin and Samzuga GPT, labeling them as unauthorized crypto operations. Memecoins Tied to Pump-and-Dump Schemes The Nigerian Securities and Exchange Commission…
The troubled Nigerian digital asset platform Crypto Bridge Exchange (CBEX) recently announced new withdrawal options in an effort to restore investor confidence. Sources revealed that the company made this announcement…
The Nigeria Customs Service (NCS) has successfully piloted its Electronic Currency Declaration Form (E-CDF) at Nnamdi Azikiwe International Airport in Abuja, as part of its digital transformation efforts to enhance…