Nigeria’s New Crypto Tax Law: A Strategic Move for Revenue or a Barrier to Growth?

Nigeria’s Federal Inland Income Service (FIRS) not too long ago hinted at introducing new rules to tax cryptocurrency transactions. It ...

Nigeria’s SEC-Crypto License

by Guest Author

May 21, 2024

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In Could 2022, Nigeria’s Securities and Alternate Fee launched a sturdy regulatory framework for digital asset service suppliers, together with ...

IMF backs crypto to solve Nigeria’s forex issues despite local crackdown

by Assad Jafri

May 12, 2024

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The Worldwide Financial Fund (IMF) has advisable that Nigeria embrace the regulated use of digital property by licensing worldwide crypto ...

Nigeria’s Securities Regulator Wants to Hike Crypto Firm Registration Fees by 400%

by Sandali Handagama

March 18, 2024

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The proposed amendments to the foundations for crypto issuers, exchanges and custody platforms embrace will increase to all supervision charges. ...

Nigeria’s Headline Inflation Increases as Central Bank Intensifies Foreign Exchange Controls

by Terence Zimwara

February 17, 2024

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Within the first month of 2024, Nigeria’s headline inflation rose from almost one p.c to 29.9%. Nonetheless, on a year-on-year ...

Nigeria’s Central Bank Approves cNGN Stablecoin Launch

by Jared Kirui

January 6, 2024

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The Central Financial institution of Nigeria has granted the Africa Stablecoin Consortium (ASC) approval to introduce Compliant Nigerian naira stableCoin ...

Nigeria’s Central Bank Fleshes Out New Rule Allowing Crypto Firms’ Access to Bank Accounts

by Elizabeth Napolitano

January 7, 2024

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Nigeria’s push to extend oversight of digital property aligns with current initiatives from neighboring African nations, the place cryptocurrencies have ...