The Federal Government of Nigeria has launched a Data Protection Virtual Academy to bolster cybersecurity across various sectors. The academy, spearheaded by the Nigeria Data Protection Commission (NDPC), […]
FG Implements 40% Fare Reduction for CNG-Converted Vehicles in Abuja
Nigeria’s Federal Government has launched a program to incentivize the use of compressed natural gas (CNG) in commercial vehicles, offering a 40% fare reduction. The initiative was started […]
Drivers Threaten Shift to Indigenous Apps Over High Commission Rates
Nigerian e-hailing drivers are considering a mass exodus from popular ride-sharing apps like Uber, Bolt, and inDrive, choosing to switch to locally developed alternatives. This move stems from […]
Binance Owes Nigeria $81 Billion – A Financial Puzzle Emerges
A shocking revelation has emerged in the global financial landscape, raising questions about a potential debt crisis. Binance, one of the world’s largest cryptocurrency exchanges, is reportedly owing […]
Binance Tax Evasion Case Adjourned in Nigeria; Court Approves Email Service
A high-profile tax evasion case involving Binance, the world’s largest cryptocurrency exchange, has been adjourned in Nigeria until May 12, 2025. The Federal High Court granted the request […]
Nigeria Takes a Giant Leap: Bitcoin Officially Recognized as Security
In a landmark move, Nigeria has officially recognized Bitcoin as a security under the Investment and Securities Act 2025, signed by President Bola Ahmed Tinubu. This legislation marks […]
Nigeria Officially Recognizes Cryptocurrencies as Securities
Nigeria has taken a significant step forward in the world of cryptocurrencies by officially classifying them as securities under its new SEC Act 2025. This groundbreaking legislation establishes […]
Nigeria Legitimizes Bitcoin: New Law Recognizes Digital Assets as Securities
Nigerian President Tinubu has signed the 2025 Investment and Securities Act, officially classifying Bitcoin and other digital assets as securities. This new legislation replaces the 2007 Investment and […]
Nigerian Authorities Declare $812 Million Crypto Scam Suspect Wanted
The Economic and Financial Crimes Commission (EFCC) has issued a warrant for the arrest of Elie Bitar, a foreign national accused of running a massive cryptocurrency fraud scheme […]
CBN Fines Paystack $250 Million for Operating Consumer Product ‘Zap’ Beyond Regulatory Scope
The Central Bank of Nigeria (CBN) has imposed a significant fine on Paystack, a prominent Nigerian fintech company, for allegedly operating its consumer product, Zap by Paystack, in […]
Nigeria Reactivates Tinted Glass Permit Portal, Addressing Safety Concerns
The Nigerian Police Force has resumed issuing Tinted Glass Permits (TGPs), aiming to address complaints of harassment related to tinted windows. This move follows the surge in modern […]
Nigerian Banks Hike SMS Alert Fees Amidst Telecom Tariff Increase
Nigerian banks have announced the increase of SMS transaction alert fees from ₦4 to ₦6, effective May 1, 2025. This adjustment follows a 50% telecom tariff hike approved […]
Starlink Raises Monthly Subscription Price in Nigeria by 57% – Effective May 30th
Starlink, an internet connectivity provider, has increased its monthly subscription price for users in Nigeria from N38,000 to N57,000. This price hike comes into effect on May 30th, […]
Nigerian Telecom Operators Invest $1 Billion in Infrastructure Expansion
Nigerian telecom operators have embarked on a major investment spree, committing over $1 billion to upgrade their network infrastructure. This decision marks a significant step toward improving service […]
C-One Ventures Acquires Bankly; CEO to Remain in Advisory Role
C-One Ventures has acquired Bankly, a Nigerian fintech company with a focus on microfinance and banking services. This move sees the company’s operations fully integrated into C-One Ventures’ […]