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Nigeria Approves First Dedicated AI University in Africa
20.1.2025
Nigeria is set to launch Africa’s first dedicated artificial intelligence (AI) university, Wini Institution, in Epe, Lagos. This ambitious project aims to equip young Nigerians with cutting-edge AI skills, fostering a thriving tech ecosystem and positioning Nigeria as a global leader in...
Nigeria’s SEC Warns Crypto License Applicants: Meet Registration Requirements or Face Rejection
9.1.2025
The Nigerian securities regulator has cautioned that some applicants for virtual asset service provider (VASP) licenses do not meet regulatory requirements. SEC Welcomes Stakeholder Feedback The Director-General of the Nigerian Securities and Exchange Commission (SEC), Emotimi Agama, warned that...
Trump’s Dedollarization Warning Falls Flat as Nigeria, China Renew $2 Billion Currency Swap Deal
28.12.2024
China and Nigeria have renewed a $2 billion currency swap arrangement for another three years. Trump Tariff Threat China and Nigeria have agreed to renew a $2 billion currency swap arrangement, initially signed in 2018. The arrangement reportedly aims to strengthen financial cooperation between...
Nigerian SEC tightens crypto marketing rules
19.12.2024
The SEC’s new rules on digital asset promotions aim to “curb the menace” of social media influencers promoting unregulated crypto products
Nigerian SEC tightens crypto marketing rules
19.12.2024
The SEC’s new rules on digital asset promotions aim to “curb the menace” of social media influencers promoting unregulated crypto products
Nigerian SEC tightens crypto marketing rules
19.12.2024
The SEC’s new rules on digital asset promotions aim to “curb the menace” of social media influencers promoting unregulated crypto products
Nigerian SEC tightens crypto marketing rules
19.12.2024
The SEC’s new rules on digital asset promotions aim to “curb the menace” of social media influencers promoting unregulated crypto products
Anti-Graft Agency Arrests 792 Suspects in Major Crypto Romance Scam Bust in Nigeria
19.12.2024
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 arrested 792 suspects implicated in crypto...
Nigeria Arrests Almost 800 Over Crypto Scams: Reuters
17.12.2024
Nigeria has been clamping down on illegal activity regarding crypto in the country
Nigeria arrests nearly 800 in raid on crypto pig butchering hub
17.12.2024
Nigeria’s anti-corruption agency arrested 792 suspected to be involved in a crypto romance scam scheme based out of the country’s largest city
Nigeria arrests nearly 800 in raid on crypto pig butchering hub
17.12.2024
Nigeria’s anti-corruption agency arrested 792 people suspected to be involved in a crypto romance scam scheme based out of the country’s largest city
Nigeria’s Blockchain Boost: SEC Explores Tech to Revolutionize Capital Markets
11.12.2024
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 technology to build trust in capital markets. According...
Tigran Gambaryan: The Star Crypto Investigator Kidnapped by Nigeria
10.12.2024
The star IRS investigator-turned-executive was unlawfully detained by Nigeria and charged with tax evasion for Binance. His case shocked the crypto industry
Bitget Mulls U.S. Entry While Awaiting Trump’s Pro-Crypto Administration
9.12.2024
In an interview, Bitget CEO Gracy Chen surveys the geopolitics of the crypto exchange landscape, including contested territories like Nigeria, Russia and India
Nigerian Crypto Crackdown: Two More Firms Convicted, Forced to Cough Up $30,000
8.11.2024
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 nearly $30,000 to the federal government....
Nigeria Unveils Amnesty Program to Recover Illegally Held Dollars Amid Forex Crisis
3.11.2024
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 guidelines for the program, followed promptly...
Google Fuels Nigeria’s AI Ambitions With Million Dollar Grant
1.11.2024
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 AI initiatives and align with Google.org’s...
Nigeria’s Currency Plunges as Dollar Liquidity Dries Up: Will a Naira-for-Crude Oil Swap Revive It?
31.10.2024
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 record low of NGN1,670.65 per U.S. dollar on...
US President Biden Applauds Nigeria’s Crypto Cooperation and Push for Global Reform
30.10.2024
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 announced Tuesday that U.S. President Joe Biden held...
President Biden thanks Nigerian President for Binance exec’s release
29.10.2024
A former IRS special agent and Binance’s head of financial crime compliance, Tigran Gambaryan had been in Nigerian custody with reports of deteriorating health since February