Nigeria sues Binance for $81.5 billion, cites economic losses and tax evasion
The country is blaming the exchange for the naira’s woes and is seeking reparations and unpaid taxes.
Nigeria
Latest stories and analysis of blockchain and digital assets developments in Nigeria.
Nigeria to enforce crypto taxation under proposed law: Report
The Nigerian SEC wants to help generate more revenue for the country through crypto taxation.
Binance exec restates $150M bribery claim against Nigerian officials
In response, a Nigerian official has labelled Gambaryan’s allegations outrageous and defamatory.
MiniPay wins web3 award at Africa Tech Summit
The stablecoin wallet platform won against the likes of Yellow Card and ICP Hub nominated in the same web3 category.
Ghana to launch CBDC, the eCedi in 2025 — Report
This follows a two-year delay despite a successful pilot program.
StarkWare launches $4M fund for African blockchain projects
The fund looks to empower six to eight African blockchain startups yearly through grants, venture investments and accelerators.
Naira-backed stablecoin cNGN debuts on local exchanges
As stated on its website, only licensed users can purchase cNGN directly from the platform, while others can access it through cryptocurrency exchanges like Busha and Quidax.