The Nigerian Senate Committee underscores the urgent need for a clear regulatory framework for cryptocurrency to safeguard investors and stabilize the market.
President Tinubu's administration advocates for developing the capital and crypto markets to safeguard the local currency.
Crypto Regulation is considered necessary to protect investors from the hazards associated with unregulated digital asset...
Nigerian authorities and Interpol have located Binance executive Nadeem Arjarwalla in Kenya, and extradition proceedings have been initiated.
Arjarwalla's escape on a Kenyan...
The Central Bank of Nigeria (CBN) has clarified that the Nigerian Securities and Exchange Commission (SEC) regulates cryptocurrencies.
The CBN's commitment to collaborate...
Nigeria has blocked access to prominent crypto-based entities like Coinbase, Binance, and Kraken to boost its failing fiat currency.
As per officials, the...
In December 2023, the Central Bank of Nigeria removed the two-year restrictions on crypto transactions.
According to the rules, crypto providers can open...
In 2021, the CBN warned banks and financial institutes that facilitating payment for cryptocurrency changes was prohibited.
In the first three months of...
The CBDC mobile app has been upgraded with Near Field Communication (NFC) technology.
This enhancement allows mobile devices and payment terminals to interact...
On February 5 2021, the Central Bank of Nigeria released a ruling that ordered all financial institutions to stop facilitating crypto transactions with...
Aside from the astronomic rate of crypto circulating within Nigeria, some diverted into other blockchain ventures. Nigeria's NFT marketplace has significantly risen over...
The eNaira upgrade will allow customers to do transactions such as paying for DSTV, electric bills, and paying for flight tickets
Decentralization takes...
