Nigeria Approves First Dedicated AI University in Africa

January 20, 2025 Bitcoin.com

Nigeria is set to launch Africa’s first dedicated artificial intelligence (AI) university, Wini Institution, in Epe, Lagos. This ambitious project aims to equip young Nigerians with cutting-edge AI skills, fostering a thriving tech ecosystem and positioning Nigeria as a global leader in AI innovation. Inspired by a similar institution in Qatar, Wini University has received […]

ECB member doubles down on digital euro after Trump’s crypto EO: Report

Nigeria’s SEC Warns Crypto License Applicants: Meet Registration Requirements or Face Rejection

January 9, 2025 Bitcoin.com

Africa

The Nigerian securities regulator has cautioned that some applicants for virtual asset service provider (VASP) licenses do not meet regulatory requirements. SEC Welcomes Stakeholder Feedback The Director-General of the Nigerian Securities and Exchange Commission (SEC), Emotimi Agama, warned that some virtual asset service provider (VASP) license applicants do not meet the regulator’s requirements and will […]

ECB member doubles down on digital euro after Trump’s crypto EO: Report

Trump’s Dedollarization Warning Falls Flat as Nigeria, China Renew $2 Billion Currency Swap Deal

December 28, 2024 Bitcoin.com

Trump’s Dedollarization Warning Falls Flat as Nigeria, China Renew Billion Currency Swap Deal

Africa

China and Nigeria have renewed a $2 billion currency swap arrangement for another three years. Trump Tariff Threat China and Nigeria have agreed to renew a $2 billion currency swap arrangement, initially signed in 2018. The arrangement reportedly aims to strengthen financial cooperation between the two countries and expand the use of their respective currencies. […]

ECB member doubles down on digital euro after Trump’s crypto EO: Report

Nigerian SEC tightens crypto marketing rules

December 19, 2024 Coin Telegraph

Coin Telegraph

The SEC’s new rules on digital asset promotions aim to “curb the menace” of social media influencers promoting unregulated crypto products.

The Nigerian Securities and Exchange Commission (SEC) has updated its crypto rules, adding requirements on crypto-related marketing promotions from virtual asset service providers (VASPs) and social media influencers.

In its revised Digital Asset Rules, the SEC said that VASPs engaging third-party service providers to promote their crypto products must “obtain prior approval from the Commission.” The rules also require VASPs to ensure that the third-party provider complies with marketing rules set by the SEC.

The rules apply to any VASP offering services to the country’s residents and are scheduled to come into effect on June 30, 2025.

ECB member doubles down on digital euro after Trump’s crypto EO: Report

Anti-Graft Agency Arrests 792 Suspects in Major Crypto Romance Scam Bust in Nigeria

December 19, 2024 Bitcoin.com

Africa

The Nigerian Economic and Financial Crimes Commission (EFCC) recently arrested 792 suspects involved in crypto romance scams. Scams Traced to Foreign Kingpins The Nigerian anti-graft body, the Economic and Financial Crimes Commission (EFCC), recently arrested 792 suspects implicated in crypto romance scams. The arrests followed a raid on a building believed to be a hub […]

ECB member doubles down on digital euro after Trump’s crypto EO: Report

Nigeria Arrests Nearly 800 Over ‘Pig Butchering’ Crypto Scam Targeting North Americans and Europeans

December 18, 2024 The Daily Hodl

Crypto Scams

Nigerian authorities arrested nearly 800 individuals who allegedly operated crypto “pig butchering” scams targeting North American and European victims. In a pig butchering scam, bad actors form a relationship with victims online to gain their trust and convince them to invest in fake opportunities and/or cryptocurrency platforms that the scammers control. Once the victim has […]

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ECB member doubles down on digital euro after Trump’s crypto EO: Report

Nigeria arrests nearly 800 in raid on crypto pig butchering hub

December 17, 2024 Coin Telegraph

Coin Telegraph

Nigeria’s anti-corruption agency arrested 792 suspected to be involved in a crypto romance scam scheme based out of the country’s largest city.

Nigeria’s anti-corruption agency has arrested 792 people in a raid on a building in the country’s largest city — which it suspects was a hub for a massive crypto romance scam operation.

The suspects, arrested at the building on Dec. 10 in Lagos, included 148 Chinese and 40 Filipino nationals, an Economic and Financial Crimes Commission (EFCC) spokesperson told Reuters on Dec. 16.

“Nigerian accomplices were recruited by the foreign kingpins to prospect for victims online through phishing, targeting mostly Americans, Canadians, Mexicans and several others from European countries,” the EFCC spokesperson said.

ECB member doubles down on digital euro after Trump’s crypto EO: Report

Nigerian Crypto Crackdown: Two More Firms Convicted, Forced to Cough Up $30,000

November 8, 2024 Bitcoin.com

Nigerian Crypto Crackdown: Two More Firms Convicted, Forced to Cough Up ,000

bitcoin.com

A Nigerian court has convicted two more cryptocurrency firms, Egomsinachi Road Autos Limited and Chimera Log & Haulage Services Limited, for conducting unauthorized USDT-to-naira transactions. As a result, they’ve been ordered to transfer nearly $30,000 to the federal government. The latest court decision came just a few months after other crypto firms, Paparaxy Global Ventures […]

ECB member doubles down on digital euro after Trump’s crypto EO: Report

Google Fuels Nigeria’s AI Ambitions With Million Dollar Grant

November 1, 2024 Bitcoin.com

The Federal Ministry of Communications, Innovation, and Digital Economy (FMCIDE) in Nigeria has announced a $1.7 million (NGN2.8 billion) Google grant to promote artificial intelligence (AI) talent development. This will support the Ministry’s AI initiatives and align with Google.org’s $5.8 million commitment to digital skills programs across Sub-Saharan Africa. The grant will aid Data Science […]

ECB member doubles down on digital euro after Trump’s crypto EO: Report

Joe Biden Thanks Nigerian President for Releasing Binance Executive Tigran Gambaryan From Prison

October 31, 2024 The Daily Hodl

Binance

US President Joe Biden has expressed his appreciation to Nigerian President Bola Tinubu for securing the release of Binance’s compliance officer Tigran Gambaryan from prison. Gambaryan, a former agent of the US Internal Revenue Service (IRS), was visiting Nigeria to address regulatory concerns about Binance when local authorities arrested and jailed him on charges of […]

The post Joe Biden Thanks Nigerian President for Releasing Binance Executive Tigran Gambaryan From Prison appeared first on The Daily Hodl.

Nigeria

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