News with the tag "NGN"

A federal high court in Nigeria, Abuja, has given the Economic and Financial Crimes Commission (EFCC) permission to arrest and retain six Crypto Bridge Exchange (CBEX) heist promoters. Emeka Nwite, the judge in charge, made the decision after Fadila Yusuf, a lawyer for the EFCC, asked for it outside...

Nigeria is changing its crypto rules, as the government wants digital asset transactions taxed and regulated. The Securities and Exchange Commission (SEC) confirmed on Tuesday that it is working on new rules to bring all eligible transactions into the formal tax net. A bill outlining a tax framework...

Nigerian authorities have denied the allegations by Binance executive Tigran Gambaryan that its officials asked for bribes, among other things. In a post, the government’s official X account described the allegations as misleading and defamatory. According to a statement signed by the country’s mini...

Nigeria is set to witness the launch of its first-ever licensed stablecoin cNGN. According to reports, the stablecoins will be licensed by the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC). The launch of the country’s first compliant stablecoin could be the birth of ...

Nigerian crypto trading platform Patricia Technologies has reportedly commenced repaying user funds following an attack on its platform. The development is another step in the right direction to restore customer faith following the platform’s security breach in 2022. In the breach, the platform lost...

Donald Trump loves a fight, especially when he thinks he’s protecting something “mighty.” His latest battle? Demanding the BRICS nations promise never to create a currency that could rival the U.S. dollar. This time, the warning included a 100% tariff. The BRICS group, originally made up of Brazil, ...

The Global AI Show is pleased to announce Dr Dirk Jungnickel, head of SVP Enterprise & Analytics &…

Nigeria, one of the largest economies in Africa, has become a partner country in the BRICS. In the same week, the United States released a statement reiterating its relationship with the West African country. Nigeria’s new BRICS partnership and geopolitical alignment with the US puts the nation in a...

Nigeria, Africa’s biggest oil-producing country, is done with selling crude oil in US dollars. The government has decided to start selling in naira. This change was made by the Federal Executive Council (FEC). Nigeria’s oil industry relied heavily on foreign currency, specifically the dollar, for de...

Stewie2K joins G2 Esports, replacing HooXi for IEM Dallas 2024. His return adds excitement and new dynamics as G2 competes for the prize pool.