Cryptocurrency usage has continued to grow in Nigeria as Africa’s most populous country grapples with a weakening currency and soaring inflation, New York-based blockchain research firm Chainalysis said in a report on Wednesday. The country, which ranked second overall on…
By Esther Agbo As Nigeria’s economy continues to evolve, the Federal Government is preparing to introduce a comprehensive overhaul of the nation’s tax laws by September. At the heart of this reform is the inclusion of long-overdue regulations for the…
The price of Bitcoin, a cryptocurrency platform, fell below $64,000 on Thursday morning, with over $209 million in crypto-bullish positions wiped off as the market slumped overnight. According to Decrypt, data from Coingecko disclosed that Bitcoin is selling at $63,700,…
The Central Bank of Nigeria says a notice circulating on social media about the risk of cryptocurrency is fake news. The Apex disclosed this via its official X account, urging the public to disregard the purported notice for all Deposits…
The steady decline of the Nigerian naira in the foreign exchange market has been attributed to Nigerians’ heavy reliance on cryptocurrency platforms, according to former presidential aide Bashir Ahmad. Ahmad expressed concern over the fact that many Nigerians are depending…
By Omolola Dede Adeyanju Africa’s premier cryptocurrency consultant; The Convener, Cryptocurrency Marathon; and a top leader with Ultima business Africa, Dr Favor Sunano has recommended an escape route from the accelerating debt and the increasing rate of poverty in Nigeria.…
The CEO of Arvofinance, Ayotunde Bally, has stated that the lifting of the ban on cryptocurrency trading in Nigeria has the potential to boost the economy and offer financial opportunities. Bally made the comments in Lagos on Thursday following the…
The Economic and Financial Crimes Commission has secured the conviction of one Benjamin Ikaa who was arraigned before Justice Emeka Nwite of the Federal High Court, Abuja. He was sentenced to five years imprisonment for his involvement in $1.6million cryptocurrency…
The Economic and Financial Crimes Commission, EFCC, on Thursday, said it has secured the conviction and sentencing of one Benjamin Ikaa before Justice Emeka Nwite of the Federal High Court, Abuja. EFCC said he was sentenced to five years…
In a recent interview with journalists in Abuja, Mr Okechukwu Unegbu, a financial expert and former president of the Chartered Institute of Bankers of Nigeria (CIBN), commended the Central Bank of Nigeria (CBN) for lifting the restrictions on cryptocurrency transactions.…
