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Category CBN

Nigeria's SEC drums up stablecoin regulation advances in West Africa's largest economy

Nigeria's SEC drums up stablecoin regulation advances in West Africa's largest economy

Nigeria’s Securities and Exchange Commission (SEC) says it is ready to welcome stablecoin firms, provided they comply with local regulatory laws.  ...
Currency: CBN Dollar Injection Aims To Stabilize The Falling Naira

Currency: CBN Dollar Injection Aims To Stabilize The Falling Naira

The falling value of the Naira, Nigeria’s currency, has prompted the Central Bank of Nigeria to intervene. The…
Nigeria to start taxing crypto holdings as soon as next month

Nigeria to start taxing crypto holdings as soon as next month

Nigeria is getting ready to tax your crypto. Starting next month, the Federal Inland Revenue Service (FIRS) plans to start taxing crypto holdings. ...
Crypto Crime and Punishment: Lessons from the Blord Arrest in Nigeria

Crypto Crime and Punishment: Lessons from the Blord Arrest in Nigeria

Nigerian authorities have arrested Linus Williams, also known as “Blord,” amid allegations of crypto-related fraud and terrorism financing. William...
Central Bank of Nigeria accuses Binance of unauthorized banking

Central Bank of Nigeria accuses Binance of unauthorized banking

Nigeria’s central bank (CBN) has thrown a [sort of ] new allegation at Binance, claiming that it was operating as a bank without the proper registr...