Nigeria Financial News

19.03 / 13:49

Crypto Adoption Nigeria and Turkey Biggest Adopters of Crypto in 2024

Looking into the rate of crypto adoption and the share of cryptocurrency owners in 56 countries as of February 2024, Nigeria and Turkey lead the pack, according to data from Statista.

19.03 / 11:35

markets Binance Platform reports Courts Investigations Binance Receives Court Order to Release Nigerian Traders’ Data

A Nigerian court ordered Binance to furnish detailed information regarding all Nigerian traders on its platform to the Economic and Financial Crimes Commission (EFCC).

19.03 / 04:59

SEC Crypto exchanges Nigeria’s SEC Proposes 400% Registration Fee Increase for Crypto Firms

Nigeria’s Securities and Exchange Commission (SEC) amended the regulatory framework governing platforms offering cryptocurrency services on Friday, suggesting increased registration fees for crypto exchanges.

17.03 / 19:19

Binance crypto regulation Pressure Mounts on Biden to Assist in Release of Detained Binance Executives

There has been mounting pressure on the Biden administration to intervene and secure the release of the detained Binance executives.

14.03 / 10:05

CBDC Digital central bank digital currency show stage country Global Surge in CBDC Exploration Leaves US Playing Catch-Up: Study

An Atlantic Council study published Thursday showed that 134 countries, or 98% of the global Gross Domestic Product (GDP), are currently exploring a central bank digital currency (CBDC). This number has surged from just 35 since May 2020.

14.03 / 07:33

Binance Binance Execs Detained as Nigeria Blames Crypto for Its Currency Crisis: Report

Two Binance employees remain under custody in Nigeria over a spat between the government and the cryptocurrency exchange. The employees will remain under detention until March 20 following a court decision, according to a WSJ report.

13.03 / 15:15

Binance Nigeria Targets Binance for User Data in Crypto Crackdown

Nigerian authorities have reportedly requested Binance, the largest cryptocurrency exchange, to provide information on its top 100 users in Nigeria, along with its entire transaction history for the past six months, according to a report by the Financial Times on Tuesday.

12.03 / 18:53

UPS security Sustainability country reports Interviews African Development Bank chief criticizes opaque loans tied to Africa's natural resources

The head of the African Development Bank is calling for an end to loans given in exchange for oil or critical minerals used in smartphones and electric car batteries

12.03 / 10:27

BLOCK Binance security information reports Investigations Binance Executives Stripped of Passports, Held in Confinement by Nigerian Authorities for Two Weeks

Two senior executives from cryptocurrency exchange Binance have been detained against their will by Nigerian authorities for the past two weeks.

11.03 / 07:21

COST UPS economy Food President Schools Hard times in Nigeria as reforms deepen cost of living crisis

By Abraham Achirga and Seun Sanni

07.03 / 20:59

enaira Nigeria’s Central Bank Partners with Gluwa to Boost eNaira Amid Global Regulation Changes

Nigeria’s Central Bank teamed up with the blockchain-powered financial platform Gluwa Nigeria on March 7 to accelerate the use of eNaira, the nation’s central bank digital currency (CBDC).

06.03 / 07:07

markets economy show country reports Mint Explainer: Why Opec+ is extending production cuts till June

Mint explains why the Opec+ has curbed output and the demand outlook for the world. Crude oil price (Brent) has stayed below $100 a barrel since August 2022, after the sharp rise in the early days of the Russian invasion of Ukraine. While it has largely held above $80, the price dipped to the low seventies a few times in the past year.

05.03 / 15:43

Binance crypto regulation Binance to Exit Nigerian Market, Discontinues All NGN Services

Binance has revealed plans to exit the Nigerian market, discontinuing all services involving the local fiat currency, the Nigerian naira (NGN).

05.03 / 08:21

markets WhatsApp students country recommendations International UK study visa issuance drops in 2023, India remains top market despite decline

Home Office data from the UK reveals a dip in the number of study visas issued for main applicants by the country in 2023 compared to the previous year. In 2023, there were 4,57,673 study visas issued to main applicants, which represented a 5.5 per cent decrease compared with the previous year. Click & check your eligibility for immigration Find out The 2023 total was the second highest on record for a calendar year and was 70 per cent higher than the pre-pandemic year of 2019, the Home Office said.

04.03 / 18:49

Binance Financial Nigeria’s Financial Watchdog Summons Binance CEO Over Crime Concerns

New Binance CEO Richard Teng must appear before Nigeria’s House of Representatives Committee on Financial Crimes to answer questions about his company’s lax KYC and AML policies, which may have played a part in terrorism financing and money laundering.

03.03 / 09:09

Bitcoin news BTC/USD Bitcoin Bitcoin Price Prediction as $25 Billion Floods Into BTC Market – Time to Buy?

On Sunday, Bitcoin is trading at $62,000 with a slight decrease of 0.10%. The focus intensifies on Bitcoin price predictions amidst a backdrop of regulatory changes and market developments.

01.03 / 17:21

Binance Binance Removes Nigerian Naira from P2P Service Amid Devaluation Concerns

Cryptocurrency trading platform Binance has made the decision to remove the Nigerian currency, the naira, from its peer-to-peer (P2P) service, prompting discontent and concern among Binance users in Nigeria.

01.03 / 17:21

Binance Platform security country information reports Nigerian Authorities Slap Binance with $10 Billion Fine Amid Crypto Crackdown

The Nigerian government has imposed a staggering $10 billion fine on Binance as part of a crackdown on the platform in an effort to stabilize the nation’s local currency.

29.02 / 08:07

Binance Digital Aware security country reports Nigeria Detains Two Binance Execs Amid Exchange Probe

Authorities in Nigeria have detained two senior Binance executives and confiscated their passports as the country cracks down on crypto exchanges.

28.02 / 17:41

Binance coinbase Crypto Exchanges in Nigeria Cease Naira Purchases of USDT and USDC Amid Central Bank Scrutiny: Report

Several crypto companies in Nigeria have made the decision to disallow users from buying the Tether (USDT) and USD Coin (USDC) stablecoins with Naira in light of renewed scrutiny from the Central Bank of Nigeria (CBN).

28.02 / 16:46

UPS Waters Research community social reports International Activists urge Nigeria to delay Shell's $2.4 billion sale of assets in deeply polluted Niger Delta

Local activists and international environmental groups want Nigeria’s government to delay approving the $2.4 billion sale of oil company Shell’s onshore assets

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