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Nigeria Confirms Readiness For Stablecoin Operations

Leave a Comment / Central Bank of Nigeria, crypto regulation, Emomotimi Agama crypto regulation, Nigeria, SEC, Stablecoins / best time

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Nigerian Securities and Exchange Commission (SEC) has announced the nation’s willingness to embrace stablecoin businesses within its borders. This event marks a crucial development in Nigeria’s crypto regulation after the West African giant began to change its hostile approach against the […]

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Nigeria’s SEC backs stablecoins, signalling new crypto chapter

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Nigeria’s Securities and Exchange Commission (SEC) has expressed support for stablecoin businesses that operate within the bounds of the country’s digital asset regulations. During the Nigeria Stablecoin Summit held in Lagos, SEC Director-General Emomotimi Agama reportedly said the African country is ready to embrace blockchain-based payment innovations as long as they comply with existing laws.

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Experts Warn of Crypto’s Role in Terror Group Boko Haram’s Cross-Border Expansion

Leave a Comment / Cryptocurrency, News Bytes, Nigeria / best time

Nigerian terrorist group Boko Haram is increasingly relying on cryptocurrencies, mobile money, and other digital tools to fund its operations, transferring millions acquired through ransoms, looting, and extorted “zakat” donations. Observers call these digital financing methods a “blind spot” in the fight against terrorism. Nigeria’s robust and largely unregulated crypto market, driven by economic necessity,

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‘Quick-Money’ Nigerian Crypto Platform’s Withdrawal Plan Met With Suspicion

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The troubled Nigerian digital asset platform Crypto Bridge Exchange (CBEX) recently announced new withdrawal options in an effort to restore investor confidence. Sources revealed that the company made this announcement after facing claims of collapse. Under the new rules, investors with up to $1,000 in the platform must pay a $100 fee to withdraw 50%

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Nigeria Customs Pilots Electronic Currency Declaration at Abuja Airport

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The Nigeria Customs Service (NCS) has successfully piloted its Electronic Currency Declaration Form (E-CDF) at Nnamdi Azikiwe International Airport in Abuja, as part of its digital transformation efforts to enhance border security and financial disclosure transparency. The pilot, which began on April 9, 2025, processed 69 transactions, with outbound declarations ($1,200,281.22) making up 51% and

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