Stablecoin Boom Threatens Nigeria’s Currency Demand
Nigeria’s Senate advances a crypto licensing bill amid $59B stablecoin inflows, driven by high remittance costs and naira volatility, per IMF. #Update #Crypto $USDT
Nigeria
Bitcoin Legislation Advances in Nigeria Senate
Nigeria’s Senate advances a crypto bill to committee for a 4-week review, aiming to establish a legal framework for digital assets and enhance investor protection. #Update #Crypto
Paga Launches Tokenized Bonds via Sui
Paga partners with Sui to launch high-yield USDsui accounts and tokenized assets for 1 billion people, expanding into blockchain infrastructure. #Update #Crypto $SUI
Bitcoin Eyes $250K Amid Institutional Surge
Nigeria’s crypto activity surged in March, driving Sub-Saharan Africa’s on-chain volume to $25B, with Bitcoin dominating purchases. #Update #Crypto $BTC
Bitcoin Risks: Nigerian Agency Demands Regulation
The chairman of Nigeria’s EFCC warns that unregulated crypto activities pose significant risks to the financial system, urging stronger regulation. #Update #Crypto
Crypto Platform Withdrawal Plan Sparks Suspicion
@CryptoBridgeEx announced new withdrawal options amid collapse claims; investors with up to $1,000 must pay a $100 fee to withdraw 50%. #Update #Crypto (-4) ↘
Nigeria Customs Launches E-Currency Declaration
@NigeriaCustoms successfully piloted its Electronic Currency Declaration Form at Abuja Airport, processing 69 transactions since April 9, with outbound declarations totaling $1.2M. #Update #Legal (+3) ↗
Crypto Scam Uncovered: Nigerian Arrested
A Nigerian man has been charged by the U.S. Department of Justice for orchestrating a $2.5 million crypto scam, facing up to 40 years in prison. #Breaking #Legal (+9) ↗
SEC Nigeria Regulates Virtual Asset Providers
Nigeria’s President Bola Ahmed Tinubu signed the Nigerian Investments and Securities Act (ISA) 2025, recognizing cryptocurrency as an asset class and regulating Virtual Asset Service Providers. #Breaking #Legal (+9) ↗
Binance Accused of Funding Terrorism
Nigeria’s government accuses @Binance of enabling terrorism and kidnapping funding through illicit transactions on its platform, per Information Minister Alhaji Mohammed Idris. #Breaking #Legal (+9) ↘
Binance Hit with $81.5B Nigerian Lawsuit
@Binance is being sued by the Nigerian government for $81.5 billion over unlicensed operations and tax evasion, seeking $79.5 billion in damages and $2 billion in taxes. #Breaking #Legal (+9) ↗
Blockchain Revolutionizes Nigeria Capital Market
Bitcoin.com: The director general of the Nigerian Securities and Exchange Commission praised blockchain technology for enhancing efficiency in capital market regulation. #Update #Blockchain (+3) ↗
Fintech Moniepoint Gains $10m Visa Investment
@Visa has invested over $10 million in African fintech @Moniepoint, joining its Series C funding round now exceeding $120 million, to enhance financial inclusion and support SME growth across Africa. #Update #Fintech (+6) ↗
Crypto License Warning: Nigeria SEC Demands Compliance
The Nigerian Securities and Exchange Commission (SEC) warns that some virtual asset service provider (VASP) license applicants fail to meet regulatory standards, urging compliance to avoid rejection. • #Update • #Legal • @SECGov • (+3) • →