Tag Archives: Nigerian

In the latest development of the saga between Binance and Nigerian authorities, the executive who fled from Nigerian custody at the end of March has been traced to Kenya by the Federal Government. According to local reports, authorities are starting the extradition process and interrogating the guards in charge of …

The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. In Nigeria, home of the largest digital asset economy in Africa, …

This was the year Nollywood made Netflix history. The Black Book, a revenge thriller from first-time director Editi Effiong became the first-ever Nigerian film to soar to No. 3 on Netflix’s worldwide film charts. The film, made for “just” $1 million (actually a huge sum for a Nigerian movie), garnered …

I’ll start by making a statement that is probably already known to many, especially bitcoiners: money is a form of energy. We expend energy to do work. Then, an agreed-upon form of remuneration that is commensurate with the amount of work put in is earned. The energy spent on that …

Unfortunately, rug pulls have become synonymous with the crypto market as scammers see it as an opportunity to make quick cash. One such rug pulls has hit the Nigerian crypto X (formerly Twitter) community, where what is assumed to be one of the most trusted influencers rug-pulled a project that …

Nigerian crypto exchange Patricia has raised suspicions following its newly launched Patricia Stablecoin labeled PTK and its unilateral decision to convert users’ funds to its stablecoin without its users’ consent. Patricia’s Dubious Move In May 2023, the Nigerian exchange Patricia reportedly fell victim to a hack and reportedly lost close …

It’s been a long, long time coming. But when Dotun Olubeko dropped on a knee to propose to Charity Lawson (adorably at her height level), I smiled. Then I cried. Then I texted my mom and friends I knew who were watching “The Bachelorette” (and those who stopped watching the …

Nigerian crypto investors using peer-to-peer (P2P) services have expressed concerns about the Central Bank of Nigeria (CBN) flagging their bank accounts. CBN’s decision to flag accounts is believed to be in relation to the near $6.3 million (2.9 billion nairas) Flutterwave hack, as the bank accounts have yet-to-be-proven affiliations with the hack. …

Nigeria, the most populous African nation, experienced a severe cash shortage and these shortages have increased the adoption rate of its CBDC, the eNaira.  Nigeria is the first African nation to launch a sovereign digital currency. After the launch, the project suffered a low adoption rate from the citizens. But …

Atiku Abubakar, Nigeria’s foremost opposition occasion’s presidential candidate, has all the time had an urge for food for large battles. Throughout his tenure as Nigeria’s vp between 1999 and 2007, Abubakar opposed the wave of adoption of Islamic regulation throughout components of the nation’s Muslim-majority north, the highest-profile Muslim politician …

Abuja, Nigeria – In April 2003, 4 years after Nigeria’s return to democracy, 11 of the 36 state governors have been defeated on the polls after serving simply one among two constitutionally allowed four-year phrases. One among them was Rabiu Musa Kwankwaso, who misplaced management of Kano, financial hub of …

Geregu Energy Plc, a number one power-generating firm managed by Nigerian billionaire, Femi Otedola, has set a milestone within the Nigerian Alternate (NGX) by being the primary publicly listed firm to launch its 2022 audited monetary report. The well timed launch of Geregu Power’s audited results is a transparent indication …