Bundle Shuts Down Crypto Exchange Services
Bundle, a Nigerian social payments app, has announced closing its cryptocurrency exchange division. As part of the shareholders’ decision to restructure the firm to focus on Cashlink, Bundle announced in a statement posted on the company blog on July 20 that it would stop operating its exchange services. The company explained in the statement that […]
Binance Issues Cease and Desist Order to Scam Nigerian Company
The CEO of Binance, Changpeng Zhao, has announced that Binance has formally issued a cease and desist order to the fraudulent organization known as Binance Nigeria Limited. Sunday, June 18, Zhao announced via Twitter. The Nigerian Securities and Exchange Commission (SEC) issued a circular on June 9 stating that Binance Nigeria Limited is unlawful in […]
Nigeria SEC declares Binance operations in country illegal
The SEC clarified that it has no authority to regulate or authorize Binance Nigeria, making its operations in the country unlawful. The SEC, as the primary regulatory body for investor protection, emphasized the risks associated with using unregistered platforms like Binance Nigeria. It advised investors to exercise caution when dealing with digital assets and related […]
Nigeria Embraces Blockchain, Trains 32,000 Citizens
The Nigerian government has approved a comprehensive framework for integrating blockchain technology into various economic sectors. What the Policy Aims to Accomplish The National Blockchain Policy is a roadmap for Nigeria’s adoption and utilization of blockchain and other emerging technologies. It was approved by President Muhammadu Buhari on May 3, 2023, after consultations with 56 […]
Nomba Raises $30M to Boost Payment Solutions In Africa
Formerly known as Kudi, the Nigerian payments firm secured a pre-Series B fundraising round led by Base10 Partners to develop and expand its innovative products and services. Nomba, a Nigerian payments firm, raised $30 million in funding before Series B. Base10 Partners of San Francisco headed the startup’s oversubscribed equity round and included major investors […]