Looty, a Nigerian art-oriented firm, has come up with a way for Africans to view all the art the continent lost during the colonial era. Chidi, a 34-year-old Nigerian creative designer and the founder...
Tag: Nigerian
Nigerian Trio Allegedly Uses Money Laundering Proceeds to Buy Bitcoins Worth Over $43 Million – Regulation Bitcoin News
Three Nigerian nationals are accused of using money laundering proceeds to buy bitcoin worth over $43 million from cryptocurrency exchange platforms like Binance and Busha. The trio is accused of movi...
Nigerian Blockchain Remittance Platform Afriex Raises $10M in Series A Funding
Nigerian fintech startup Afriex has closed a $10 million in a Series A round for a $60 million valuation. Afriex has raised a total of $1.3M in funding over three seed rounds. Investors in this Series...
Nigerian Fintech Startup Afriex Raises $10 Million For Its Blockchain Money Transfer Platform
Afriex lets users transfer money through stablecoins in less time and at a lower cost than a wire … [+] transfer. Afriex When Tope Alabi moved back to Nigeria in 2019 after 20 years in the U.S.,...
Nigerian Industry Group Calls Out Public Institutions Over Unlawful Crypto Stance
The Stakeholders in Blockchain Technology Association of Nigeria (SiBAN), a group created in 2018 to promote blockchain adoption in Nigeria, have reached out to public institutions about the wrongful ...
Nigerian Agencies Told to Stop ‘Demonizing’ Crypto Industry Players – Emerging Markets Bitcoin News
Nigerian public and law enforcement agencies have been urged to “stop the demonization” of the blockchain and cryptocurrency industry. According to an association that advocates for the risk-based reg...
Nigerian Fintech Leaders React to Flutterwave Allegations
One of Africa’s largest unicorns, Flutterwave, has been under fire on social media since allegations of insider trading, sexual harassment and perjury hit the Nigerian payment infrastructure provider....
35% of Nigerian Adults Are Crypto Investors
A new survey conducted by popular cryptocurrency exchange KuCoin revealed that more than one third of the Nigerian adult population currently hold or have traded cryptocurrencies in the last six month...
Study Finds 33.4 Million Nigerian Adults Hold or Have Traded Crypto in Last 6 Months – Emerging Markets Bitcoin News
According to a new report, approximately 33.4 million Nigerians, or 35% of the country’s adult population, are holders of cryptocurrencies or have traded them in the past six months. The report attrib...
Banks Are Being Fined By The Nigerian Central Bank For Allowing Cryptocurrency Transactions
The blockchain analytics platform, the continent’s most populated country, also has the highest share of retail users conducting transactions under $10,000. A customer of the United Bank for Afr...
Nigerian Central Bank Sanctions Banks For Enabling Crypto Transfers
The sanctions are a part of CBN’s efforts to discourage cryptocurrency usage and to firmly establish commercial restrictions on cryptocurrency trading. The Central Bank of Nigeria (CBN) has penalized ...
Four Nigerian Lenders Penalized for Failing to Block Crypto Transactions – Regulation Bitcoin News
The Nigerian central bank recently fined four financial institutions it accuses of failing to stop clients from using their respective platforms to conduct cryptocurrency transactions. According to on...
Nigerian Crypto Startup Canza Raises $3.27 Million For Its International Payment Service
Crypto startup Canza Finance is helping Nigerian businesses beat CBN dollar limits and devaluation … [+] risks. Canza Finance Canza Finance, a Nigerian crypto startup, has completed a $3.27 mill...
Nigerian Users Tell Binance ‘Stop Scamming’ — Exchange Platform Rejects Accusation – Coinotizia
Some disgruntled Nigerian users of the cryptocurrency exchange Binance have launched a campaign to boycott the platform, which they accuse of freezing client accounts without valid reason. Accounts Bl...
Binance Is Hosting Crypto Masterclasses Across Nigerian University Campuses
Crypto exchange Binance is the largest exchange in the world and one of the most widely used exchanges in Africa. It has found a market of loyal users in the Nigerian youth who have turned to crypto t...
Nigerian Blockchain Advocacy Group Calls Crypto “Legit”; Insists On Regulation
The Nigerian Government had imposed a ban on crypto exactly a year ago in February 2021. The ban did nothing in terms of putting a lid on cryptocurrency trading; crypto adoption started to look promis...
Nigerian Blockchain Advocacy Group Says ‘Crypto Is Legit’ — Calls for Regulation of Industry – Regulation Bitcoin News
The Nigerian blockchain advocacy group, the Stakeholders in Blockchain Technology Association of Nigeria (SIBAN), has said crypto is legit and must be regulated. The group adds that any such regulatio...
Binance Blocked 281 Nigerian Users
The Binance CEO has announced that they restricted the 281 personal accounts of Nigerian users due to a need for compliance with international money laundering laws. The growth of cryptocurrency crime...
Binance Restricts Personal Accounts of 281 Nigerian users ⋆ ZyCrypto
Advertisement     A growing number of reports on social media allege that Binance, the world’s biggest cryptocurrency exchange platform, is aggressively clamping down ...
Binance Restricts Nigerian Accounts in Order to Comply With AML & KYC Measures
Binance Holdings Ltd. restricted personal accounts of several users in Nigeria to ensure the security of the platform, the CEO said in a blog post. “User security remains our top priority,” Binance CE...
Binance explains why it restricted 281 Nigerian crypto trading accounts
advertisement Binance has explained why it placed restrictions on the crypto trading accounts of some Nigerians over the last few days. In a letter to the Nigerian crypto community, Binance CEO Changp...
Binance Restricts Over 200 Nigerian Accounts Amid Money Laundering Requirements
Crypto exchange Binance has restricted a total of 281 personal accounts belonging to Nigerian users, per Reuters. Binance CEO Changpeng Zhao (CZ) reportedly told these customers in a letter that the ...
Cryptocurrency Exchange Binance Restricts 281 Accounts of Nigerian Users
Binance, one of the largest cryptocurrency exchanges in the world, has confirmed the restriction of several Nigerian accounts. According to the details shared by the company, 281 accounts were affecte...
Binance Restricts 281 Nigerian Users in Relation to Money Laundering Laws
Binance restricted 281 Nigerian users in relation to safeguarding international money laundering, CEO Changpeng Zhao said. Zhao said that the accounts were blocked due to a need to comply with interna...
Crypto Exchange Binance Restricts 281 Nigerian Accounts — Some Requested by International Law Enforcement – Exchanges Bitcoin News
Cryptocurrency exchange Binance has restricted 281 Nigerian user accounts. Citing user security and fraud prevention, CEO Changpeng Zhao explained that “approximately 38% of these cases [are] restrict...
Nigerian Users Tell Binance ‘Stop Scamming’ — Exchange Platform Rejects Accusation – Regulation Bitcoin News
Some disgruntled Nigerian users of the cryptocurrency exchange Binance have launched a campaign to boycott the platform, which they accuse of freezing client accounts without valid reason. Accounts Bl...
Nigerian Lawmakers Urged to Consider Regulating Crypto Industry After Proposal to Jail Ponzi Operators – Emerging Markets Bitcoin News
The leader of the Nigerian blockchain association, Senator Ihenyen, has implored the country’s lawmakers — currently pushing for the securities law to be revamped — to consider crafting laws that regu...
Dead On Arrival? How The Nigerian eNaira Has Fared Since Launch
The Nigerian eNaira was launched to much fanfare after delays had rocked the project. Upon launch, it made the West African nation one of the very first countries to issue its very own central bank di...