5 / 8 Relevant items tagged with #Nigeria

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AMIDST P2P CLAMPDOWN, NIGERIA BITCOINERS EMPOWERS WOMEN WITH BITCOIN EDUCATION

[Mar 25 12:45 PM] In the wake of ongoing peer-to-peer (P2P) clampdowns in Nigeria, the country's Bitcoin community took a remarkable step towards empowerment by dedicating International Women’s Day to educating and uplifting women through Bitcoin education. On March…

Nigeria Charges Binance, Detained Executives With Tax Evasion: Reports

[Mar 25 2:59 AM] One of two senior Binance executives in government custody has escaped, local media reported over the weekend.

Nigerian Court Orders Binance to Relinquish Data of All Nigerians Trading on Its Platform: Report

[Mar 18 11:35 PM] A Nigerian court has ordered Binance to provide Nigeria's Economic and Financial Crimes Commission (EFCC) with comprehensive information on all persons from the nation trading on its platform.

Nigeria's SEC Proposes 400% Increase to Crypto Firm Registration Fees

[Mar 18 4:17 AM] The regulator proposed increases to all supervision fees as the country cracks down on the crypto industry.

Detained Binance Executives to Remain in Nigerian Custody Until Hearing: WSJ

[Mar 13 4:34 PM] The two men were arrested on Feb. 26 after arriving in Abuja to meet with Nigerian leaders who accused the crypto exchange of crashing the country’s currency, the naira.

Binance-Nigeria Brawl Continues as Country Asks Exchange to Submit List of Top 100 Users

[Mar 13 1:50 AM] Nigeria wants Binance to give information regarding its top 100 users in the country and all transaction history spanning the past six months, the Financial Times reported on Tuesday.

Nigeria Invited, Then Detained Binance’s Compliance Head and Africa Manager for Two Weeks: Reports

[Mar 12 12:41 AM] Two senior executives of Binance, Tigran Gambaryan and Nadeem Anjarwalla, have been held against their will for the past two weeks by Nigerian authorities.

Nigeria's Central Bank Enlists Gluwa Nigeria to Boost eNaira Systems, Adoption

[Mar 7 7:19 AM] Adoption of the central bank digital currency pales in comparison to the use of cash in the country.

Nigeria's SEC Updates Guidelines for Crypto Firms in Bid to Stop Criminal Activity: Report

[Mar 7 6:17 AM] Nigeria's government has started a fresh crackdown on crypto firms, reportedly blocking access to several, including Binance, Coinbase and Kraken.

Binance Will Discontinue Its Nigerian Naira Services After Government Scrutiny

[Mar 5 5:18 AM] Two Binance executives were recently detained in the country, and the exchange’s CEO Richard Teng, has been summoned to appear before a committee.

Nigerian Parliamentary Committee Summons Binance CEO Teng: Report

[Mar 4 8:25 AM] Two executives of the exchange were detained last week on arrival in the country.

The Nigerian Government and Binance: The Way Forward — CMO of Flincap

[Mar 3 5:30 AM] The promise of the blockchain and cryptocurrency still remains strong. Globally, there continues to be growing interest in the blockchain and peer-to-peer exchanges. We are seeing the institutional adoption of crypto and a rise in interest in…

Nigeria Government Demands $10B From Crypto Exchange Binance: BBC

[Mar 1 9:53 AM] The exchange allegedly enabled funds to leave Nigeria while the country is trying to restrict capital outflows.

Nigeria Detains Binance Executives as It Investigates the Crypto Exchange: Reports

[Feb 29 10:37 AM] Binance executives were intercepted by Nigerian officials and their passports seized after they landed in the country.

Binance Nigeria Moved $26B Worth of Untraceable Funds in 2023, Central Bank Chief Says: Reports

[Feb 28 7:56 AM] The country's facing a crippling foreign exchange crisis and looking for ways to limit capital outflows, including via crypto.

Bitcoin-Focused Payments App Strike Rolls Out Services to Africa

[Feb 27 2:45 PM] Bitcoin-focused payments firm Strike is expanding its services to African countries including Nigeria, South Africa and Zambia, the company announced in a blog post Tuesday.

Nigeria Blocks Access To Coinbase, Binance and Kraken As Naira Falls To Record Lows

[Feb 22 12:41 PM] Nigeria has taken drastic measures in to attempt to stabilize its plummeting national currency, the naira, by blocking access to major cryptocurrency exchanges, reported the Financial Times. This move comes as the Nigerian government attempts to…

Coinbase Pushes Back on Reports It's Blocked in Nigeria

[Feb 22 11:10 AM] Multiple outlets have reported other platforms such as Kraken and Binance have also been blocked under government orders.

Bitcoin Soars Above $52K, Yet Public Interest Shows Decline, Google Trends Data Reveals

[Feb 15 7:33 AM] As bitcoin’s value surged to $52,545 this week, the fascination with it appears subdued, with Google Trends indicating a low level of interest. Currently, global metrics from the last 90 days reveal the search term “bitcoin”…

Nigeria’s Central Bank Fleshes Out New Rule Allowing Crypto Firms’ Access to Bank Accounts

[Jan 4 5:19 AM] Nigerian banks are still restricted from holding or trading crypto on their own behalf, despite regulators’ softening stance toward digital assets.

Nigeria Lifting Ban on Bank Accounts for Crypto Firms Could Lead to Usage 'Surge'

[Dec 27, 2023 8:58 AM] Pan-African exchange Yellow Card has said it will seek licensing in the country.

The Volatility Of Nigerian Real Estate, And Why Bitcoin Makes More Sense

[Dec 12, 2023 8:30 AM] I’ll start by making a statement that is probably already known to many, especially bitcoiners: money is a form of energy. We expend energy to do work. Then, an agreed-upon form of remuneration that is commensurate with the amount of work put in is…

Stakeholder urges swift implementation of Nigeria’s blockchain policy

[Nov 29, 2023 6:17 AM] SiBAN president Obinna Iwuno stressed the necessity of establishing a forward-thinking regulatory framework to accelerate the infusion of blockchain technology into diverse sectors of the economy.

Arrest made in Nigeria’s Patricia Technologies crypto wallet heist

[Nov 25, 2023 2:42 AM] A spokesperson for the Nigerian Police Force said that Wilfred Bonse, a Nigerian politician, has been arrested for the theft, the conversion of cryptocurrency wallets, and the unauthorized fund diversion from Patricia Technologies.

Nigeria’s NITDA advocates AI integration in payments for global recognition

[Nov 24, 2023 3:00 AM] NITDA chief Kashifu Inuwa Abdullahi said it’s crucial to take proactive measures to harness AI benefits and mitigate threats.

Report: Bitcoin Mining Project Initiates Construction of Hydro-Powered Facility in Nigeria

[Nov 21, 2023 6:30 AM] A Nigerian startup named Trojan Mining is constructing a hydro-powered facility dedicated to bitcoin (BTC) mining in the African country, according to a recent report. Over the weekend, Trojan unveiled the creation of its mining container, locally…

Nigeria and UK foundation launch Code Clubs for digital literacy

[Nov 10, 2023 5:01 AM] Nigeria’s communication ministry said the Code Clubs will introduce young participants to coding and digital technology and encourage them to deploy creative problem-solving in their everyday lives.

Nigeria’s 3MTT program draws 1M+ applicants, introduces AI course

[Nov 9, 2023 4:39 AM] The course will evolve in three stages, according to the government’s disclosed implementation strategy.

Nigeria Plans to Include Fintechs in Broadened Official Currency Market

[Oct 26, 2023 2:00 AM] A Nigerian official recently said the foreign exchange-starved country plans to include “legitimate” market participants like bureaux de change and financial technology companies in the official forex currency market. Finance Minister…

Patricia exchange CEO announces debt restructuring via convertible notes

[Oct 21, 2023 3:08 AM] Patricia's CEO also revealed that these shares will be managed by a Securities Exchange Commission (SEC)-licensed trusted third-party trustee to ensure complete transparency.