News about NIGERIA

News about Nigeria

Nigeria Arrests 792 in Landmark Crypto-Romance Scam Raid

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Facebook Wins Reprieve as Court Restrains Nigerian Regulator’s $38.55 Million Demand

The Federal High Court in Lagos has granted an interim order restraining the Advertising Regulatory Council of Nigeria (ARCON) from demanding $38.55 million (NGN60 billion) from Facebook Nigeria Operations Limited for an alleged violation. Justice Ye...

Anti-Graft Agency Arrests 792 Suspects in Major Crypto Romance Scam Bust in Nigeria

The Nigerian Economic and Financial Crimes Commission (EFCC) recently arrested 792 suspects involved in crypto romance scams. Scams Traced to Foreign Kingpins The Nigerian anti-graft body, the Economic and Financial Crimes Commission (EFCC), recently...

Nigeria arrests nearly 800 in raid on crypto pig butchering hub

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Almost 800 arrested over Nigerian crypto-romance scam

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Nigeria’s Blockchain Boost: SEC Explores Tech to Revolutionize Capital Markets

The Nigerian Securities and Exchange Commission is exploring the use of blockchain technology to build trust in capital markets. Bridging the Trust Gap The Nigerian Securities and Exchange Commission (SEC) is exploring the use of blockchain technolog...

Coinbase-Backed Yellow Card Seeks Nigerian License After South African Regulatory Win

Yellow Card, an African stablecoin platform, is taking steps to secure a license from Nigeria’s Securities and Exchange Commission (SEC) after obtaining a Crypto Asset Service Provider (CASP) license in South Africa. The CASP license has enable...

Nigerian Crypto Exchange Bitmama Halts Virtual Mastercard Services

Nigerian crypto exchange platform, Bitmama, has temporarily halted its virtual Mastercard services due to unforeseen issues with its provider. This move follows a trend of fintechs in Africa facing challenges with card services, including fluctuating...

Prestmit: Transforming Crypto Trading in Nigeria with Secure and Efficient Solutions

Cryptocurrency is a digital asset that has been touted as the future of money, owing to its decentralized feature that eliminates the meddlesome of third parties and, by extension, creates the potential for a moonshot in value. This is why many Niger...

Nigerian Crypto Industry Players Applaud Proposal to Jail Ponzi Operators

Nigeria’s proposed Investments and Securities Bill, which proposes jail terms for Ponzi scheme operators, has been welcomed by crypto industry players who hope this will help clean up the sector’s reputation. 10-Year Jail Terms Proposed f...

Nigerian Crypto Crackdown: Two More Firms Convicted, Forced to Cough Up $30,000

A Nigerian court has convicted two more cryptocurrency firms, Egomsinachi Road Autos Limited and Chimera Log & Haulage Services Limited, for conducting unauthorized USDT-to-naira transactions. As a result, they’ve been ordered to transfer n...

Nigeria Unveils Amnesty Program to Recover Illegally Held Dollars Amid Forex Crisis

The Nigerian government has announced a nine-month program allowing individuals to deposit U.S. dollars held outside the formal banking system without facing penalties or scrutiny. Finance Minister Wale Edun said his ministry will first issue guideli...

Google Fuels Nigeria’s AI Ambitions With Million Dollar Grant

The Federal Ministry of Communications, Innovation, and Digital Economy (FMCIDE) in Nigeria has announced a $1.7 million (NGN2.8 billion) Google grant to promote artificial intelligence (AI) talent development. This will support the Ministry’s...

Bitcoin Nears ATH In Nigeria, As Naira Hits Record Low - Forbes

Bitcoin Nears ATH In Nigeria, As Naira Hits Record Low& & Forbes

Bitcoin Price Nears All Tim High In Nigeria, As Naira Hits Record Low - Forbes

Bitcoin Price Nears All Tim High In Nigeria, As Naira Hits Record Low& & Forbes

Nigeria’s Currency Plunges as Dollar Liquidity Dries Up: Will a Naira-for-Crude Oil Swap Revive It?

The Nigerian naira recently hit a new low against the U.S. dollar, ranking among the three worst-performing currencies globally. Dollar Liquidity Dries up The Nigerian naira, which has already lost over 70% of its value in 2024, recently dropped to a...

Nigerian Fintech Reaches Unicorn Status With $110 Million Google-Backed Funding Round

Moniepoint, a Nigerian fintech company, has raised $110 million in Series C funding to expand its services across Africa and globally, becoming the latest Nigerian fintech unicorn. Moniepoint Seeks to Serve Global African Market with New Funding Moni...

President Joe Biden Thanks Nigerian Leader for Role in Ex-Federal Agent’s Release

President Joe Biden thanked Nigerian President Bola Tinubu for securing the release of American citizen Tigran Gambaryan, a former U.S. law enforcement official and Binance employee, on humanitarian grounds. Gambaryan spent eight months in Nigerian d...

US President Biden Applauds Nigeria’s Crypto Cooperation and Push for Global Reform

U.S. President Joe Biden has praised Nigeria’s efforts in combating crypto-related financial crimes, including the recent release of a former Binance executive. Biden, Tinubu Strengthen US-Nigeria Ties With Crypto Crime Initiative The White House ann...

US President Biden Applauds Nigeria's Crypto Cooperation and Push for Global Reform - Bitcoin.com News

US President Biden Applauds Nigeria's Crypto Cooperation and Push for Global Reform& & Bitcoin.com News

TRON Returns to Nigeria for TRON Connect Africa Community Event

PRESS RELEASE. Geneva, Switzerland,October 29,2024 – TRON DAO brought together students and industry professionals for a day filled with discussions, networking, and educational sessions at the TRON Connect Community Event in Uyo, Nigeria. Held at th...

Global Crypto Crime Crackdown: US And Nigeria Unite Against Digital Threats

In recent years, crimes and crypto have grown inexorably entwined. Crypto crimes rise as its popularity and use cases grow, therefore putting at risk traders and companies alike. TrendMicro claims that even while the value of crypto transactions rece...

World Bank: Nigeria Loses $8B on Foreign Exchange Subsidies Over 3 Years

The World Bank reports that Nigeria lost over $8 billion due to the Central Bank of Nigeria’s (CBN) refusal to float the naira between 2021 and 2023. This foreign exchange subsidy, along with the fuel subsidy, deprived the government of revenue...

Nigeria releases American crypto executive after dropping money laundering case

https://ground.news/article/nigeria-releases-american-crypto-executive-after-dropping-money-laundering-case_0a45d2?utm_source=mobile-app&utm_medium=newsroom-share Nigeria released Tigran Gambaryan, a former U.S. law enforcement official and Binan...

Former US Federal Agent Freed From Nigerian Prison After 8 Months

Tigran Gambaryan, a U.S. citizen and former federal agent detained in Nigeria for eight months, has been released. The charges against him, brought by the Economic and Financial Crimes Commission, were dropped. The release of the Binance executive fr...

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