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Nigeria’s Economic and Financial Crimes Commission (EFCC) has charged Usie Otukpa Osang with eight counts of fraud for his alleged role in a multimillion-dollar cryptocurrency scam. EFCC Charges Suspect Over…
Rwanda and Nigeria have signed a cooperation agreement between their respective financial regulatory bodies to deepen collaboration across capital markets and digital assets. Strengthening Regional Oversight Rwanda and Nigeria have…
The IMF reports that Nigeria captured 60% of all stablecoin traffic in sub-Saharan Africa as users seek alternatives to traditional banking. IMF: Stablecoins Transform From Niche Market to Major Payment…
The Nigerian Senate has advanced a major cryptocurrency regulation bill through a second reading, moving the country closer to its first comprehensive legal framework for digital assets. Legislative Progress and…
Nigerian fintech pioneer Paga has partnered with the Sui blockchain to integrate cryptocurrency infrastructure into its platform. A Roadmap for Digital Finance Nigerian fintech pioneer Paga has entered a partnership…
The Hashgraph Association and Exponential Science have concluded a hackathon that attracted over 45,000 participants and generated more than 1,300 project submissions. Key Takeaways: On April 29, THA and Exponential…
The Nigerian central bank has launched a pilot program to supervise anti‑money laundering and counter‑terrorism financing compliance among crypto and fintech firms. Six VASPs Tapped for New Supervisory Pilot The…
Binance is reportedly discussing an out-of-court settlement with Nigerian authorities to resolve its ongoing tax evasion case. The Multi-Billion Dollar Legal Dispute Top cryptocurrency exchange Binance has reportedly initiated talks…
Nigerian President Bola Tinubu has launched a comprehensive regulatory regime for Nigeria’s digital asset market, headlined by the creation of the Virtual Asset Regulatory Council. A New Strategic Oversight Body…
The Nigerian SEC has sharply raised minimum capital requirements for digital asset firms, with offering platforms now needing about $704,000 and exchanges and custodians $1.4 million. Experts describe new capital…