Nigeria

According to local reports, detained Binance executive Tigran Gambaryan filed a lawsuit against Nigeria’s National Security Advisor (NSA) and the Economic and Financial Crimes Commission (EFCC) on March 28 for violating his basic human rights.  Nigerian authorities detained Gambaryan, a US citizen overseeing the exchange’s crime investigation unit, along with Nadeem Anjarwalla, Binance’s regional manager […]

A presidential adviser in Nigeria has ignited controversy by calling for an outright ban on major crypto exchanges like Binance and KuCoin from operating in the country. Bayo Onanuga, an adviser to President Bola Tinubu on information and strategy, took to the social media platform X to level serious allegations against these platforms. The Naira-Dollar […]

The Central Bank of Nigeria (CBN) has officially lifted restrictions on Nigerian banks facilitating cryptocurrency transactions. This move comes nearly two years after the CBN imposed a comprehensive ban on banks engaging with digital currencies. In a circular sent to banks on Dec. 22, the CBN acknowledged that the increasing global demand and acceptance of […]

A recent global survey indicates that Nigerians are more knowledgeable about crypto than people in major economies like the United States, United Kingdom, Germany, and Japan. According to a report by ConsenSys and YouGov, 99% of Nigerians are fully aware of the asset class, while 70% understand the fundamentals, operations, and value of blockchain technology. […]