Nigeria’s SEC is set to launch a new regulatory framework for crypto exchanges and custodians “in the coming days.”
Nigeria’s SEC Proposes 400% Increase to Crypto Firm Registration Fees
The regulator proposed increases to all supervision fees as the country cracks down on the crypto industry.
Binance-Nigeria Brawl Continues As Country Asks Exchange to Submit List of Top 100 Users
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.
Binance Will Discontinue Its Nigerian Naira Services After Government Scrutiny
Two Binance executives were recently detained in the country, and the exchange’s CEO Richard Teng, has been summoned to appear before a committee.
IMF sees room for eNaira improvement in first year assessment
The world’s second-ever CBDC has yet to reach 1% of Nigeria’s population, according to the IMF assessment.
Naira redesign no more: President’s directive canned by Nigerian supreme court
The supreme court of Nigeria says no to naira redesign, rules the old banknotes to remain in circulation.
Bitcoin premium hits 60% in Nigeria as it limits ATM cash withdrawals
The price of one Bitcoin (BTC) in Nigeria can cost upwards of $38,000.
Nigeria upgrades CBDC as crypto restrictions cripple fintech industry
Nigeria’s central bank has upgraded its eNaira to steer the country away from crypto even after a UN report stated that restrictions on digital currencies are stifling the nation’s fintech sector.
Nigerian crypto adoption rises despite govt crackdown
Nigerians are still hungry for crypto despite the central bank’s efforts to quash it.