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Europe's Economic Crossroads: Recession Fears and S&P Global's
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CryptoCurrency
Nigeria Denies Binance's Bribery Allegations amidst Crypto Clash
Binance’s CEO alleges an extortion attempt for a "secret" payment to resolve Nigerian issues.
The Ministry of Information spokesman dismissed the CEO's claim as a diversionary tactic.
Wednesday, 08/05/2024 | 15:49 GMT
by
Tareq Sikder
CryptoCurrency
Binance Trial on Ice in Nigerian Court as Lawyers Demand Missing Documents
The judge postponed the trial to May 17 to give Binance's lawyers time to review the 300-page document.
Binance and its executives also face tax evasion allegations brought by Nigeria's EFCC.
Thursday, 02/05/2024 | 16:48 GMT
by
Tareq Sikder
CryptoCurrency
Detained Binance Executives’ Bail Hearing in Nigeria Pushed to May 17
Tigran Gambaryan pleaded not guilty to charges of tax evasion and money laundering.
His wife launched a petition requesting the US and Nigerian governments to return him to the US.
Wednesday, 24/04/2024 | 09:19 GMT
by
Arnab Shome
CryptoCurrency
Detained Binance Executive in Nigeria Remanded after "Not Guilty" Plea
He has been sent to a correctional facility until the decision on his bail application.
His trial will start on May 2.
Tuesday, 09/04/2024 | 05:20 GMT
by
Arnab Shome
CryptoCurrency
Nigeria Charges Binance for Tax Evasion
The lawsuit named the exchange and the two detained executives.
One of Binance's detained executives reportedly escaped on Friday.
Monday, 25/03/2024 | 11:10 GMT
by
Arnab Shome
CryptoCurrency
Crackdown on Binance: Nigeria Court Orders the Exchange to Disclose Customers’ Data
The data would help the investigative agencies to unravel the alleged money laundering and terrorism financing on Binance.
Nigeria detained two of Binance’s executives and reportedly demanded $10 billion.
Tuesday, 19/03/2024 | 05:46 GMT
by
Arnab Shome
CryptoCurrency
Nigeria Presses Binance amid Economic Turmoil and Detains Executives
The authorities demand user data of the top 100 users and six months of transactions.
Binance faces intensified crackdown by authorities for alleged currency speculation.
Wednesday, 13/03/2024 | 16:21 GMT
by
Tareq Sikder
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CryptoCurrency
Binance Ceases Nigerian Naira Services amid Legal Dispute
The exchange will cease to support any deposits from Naira after 2 p.m. UTC on Tuesday.
The Nigerian government demands nearly $10 billion from Binance amid a legal dispute.
Tuesday, 05/03/2024 | 13:01 GMT
by
Tareq Sikder
CryptoCurrency
Binance Faces Regulatory Storm as Executives Detained in Nigeria: Report
The crypto exchange has halted the trading of the naira against Bitcoin.
Nigeria's central bank has expressed concerns about illicit funds on crypto exchanges.
Wednesday, 28/02/2024 | 18:11 GMT
by
Jared Kirui
CryptoCurrency
Binance Faces Regulatory Scrutiny in Nigeria amid Calls for Crypto Ban
Crypto users in Nigeria struggle accessing exchanges' websites like Binance and OctaFX.
Binance's P2P platform has imposed limits on USDT sales, causing trading issues for users.
Thursday, 22/02/2024 | 10:22 GMT
by
Tareq Sikder
CryptoCurrency
Nigeria's Central Bank Approves cNGN Stablecoin Launch amid CBDC Concerns
cNGN will go live on February 27, 2024.
This stablecoin aims to transform the Nigerian Naira into a global currency.
Friday, 05/01/2024 | 14:13 GMT
by
Jared Kirui
CryptoCurrency
Nigerian SEC Clarifies Warning against Binance, Labels It 'Illegal'
The latest circular came through clarification on a previous announcement.
The regulator warned against the high risks of crypto investments.
Monday, 31/07/2023 | 11:16 GMT
by
Arnab Shome
CryptoCurrency
Nigeria Orders Binance to Halt Operations While Hong Kong Welcomes Coinbase
SEC Nigeria said the crypto exchange's operations in the region are illegal.
In contrast, Hong Kong welcomes beleaguered Coinbase to the country.
Monday, 12/06/2023 | 09:39 GMT
by
Jared Kirui
Retail FX
Nigeria’s SEC Blacklists Six Online Trading Platforms
Some of the platforms include Prime Invest, FXBoxed and New Finance LLC.
The Nigerian watchdog is also considering allowing asset-backed tokens.
Monday, 01/05/2023 | 20:16 GMT
by
Solomon Oladipupo
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Retail FX
Admirals Strengthens African Presence with New Offices in Nigeria
The brokerage received a license in South Africa and Kenya last year.
Admirals posted a record year in 2022 with €69M in revenue.
Monday, 01/05/2023 | 15:10 GMT
by
Solomon Oladipupo
FinTech
Unlimint Enters Africa, Receives Payments License in Nigeria
The license allows it to offer various payment services in the country.
It is the first African country where Unliminst has a presence.
Friday, 21/04/2023 | 05:27 GMT
by
Arnab Shome
FinTech
Nigeria Becomes Africa’s Open Banking Regulation Pioneer
The Central Bank of Nigeria's interest in open banking dates back to 2018.
The new guidelines will be supported by the Nigeria Data Protection Regulation.
Friday, 10/03/2023 | 18:18 GMT
by
Solomon Oladipupo
CryptoCurrency
Nigeria Seeks to Legalize Crypto as Investment Capital
A bill to that effect has passed a second reading at the country's House of Reps.
Nigeria's SEC clarified crypto as securities 7 months ago.
Monday, 19/12/2022 | 13:47 GMT
by
Solomon Oladipupo
CryptoCurrency
FTX’s Collapse Troubles African Fintech Firms
FTX before its fall processed billions of dollars monthly in Africa.
The Nigerian startup, Nestcoin held its assets (cash and stable) in FTX.
Tuesday, 22/11/2022 | 17:54 GMT
by
Solomon Oladipupo
Thought Leaders
OneRoyal Opens an Office in Lagos, Nigeria
2022 has already been a busy year for OneRoyal.
Tuesday, 25/10/2022 | 11:10 GMT
by
FM
CryptoCurrency
A Virtual Free Zone in Africa Is Being Discussed with Binance
The Nigeria Export Processing Zones Authority is planning to create a Virtual Free Zone.
Talent City for Nigeria was also approached 'to widen economic opportunities'.
Monday, 05/09/2022 | 09:43 GMT
by
Matti Williamson
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Thought Leaders
OctaFX's Report Sheds Light on the State of the Forex Industry in Nigeria
OctaFX produced a report that discusses the Nigerian Forex trading market.
Tuesday, 30/08/2022 | 09:15 GMT
by
FM
Thought Leaders
Bitpapa Comes to Nigeria
P2P marketplace Bitpapa is helping pave the way for Nigerians.
Tuesday, 02/08/2022 | 13:03 GMT
by
FM
FinTech
Fintech PocketApp Gets AIP for Nigeria's Apex Bank’s MMO License
PocketApp just rebranded from Abeg.
MMO license is a permit to create and manage digital wallets and issue electronic money.
Monday, 27/06/2022 | 20:38 GMT
by
Solomon Oladipupo
Analysis
Retail FX
Analysis
Lack of Regulation: Are Online Forex Traders Safe in Nigeria?
Nigeria is the second largest retail online forex market in Africa.
But, the absence of specific regulations means traders remain somewhat 'vulnerable'.
Wednesday, 15/06/2022 | 11:17 GMT
by
Solomon Oladipupo
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