Nigeria’s SEC Licenses First Local Crypto Exchange
Other local exchanges will likely emulate Quidax’s approach and strive to satisfy the SEC’s requirements as the regulatory environment evolves. In a significant development for Nigeria’s rapidly growing cryptocurrency sector, the Securities and Exchange Commission (SEC) has granted the first provisional operating license to Quidax, an African-founded crypto exchange. This milestone marks the beginning of […]
Lagos State Plans Tokenizing Real Estate Using Blockchain
The Lagos state government of Nigeria has unveiled an initiative to tokenize real estate, using blockchain technology to improve the efficiency and simplicity of transfer in property transactions. The objective of this initiative, as delineated in the Eko Revenue Plus Summit documents, is to substantially increase the state’s internally generated revenue, as reported by local […]
Binance Exec Tigran Gambaryan Faces Health Decline, Denied Legal Access
Binance exec Tigran Gambaryan’s family requested the Nigerian government to release him as his health deteriorated while being held without legal access. The family of Tigran Gambaryan, a U.S. citizen and executive at Binance, is urgently appealing to the Nigerian government for his release from detention, citing his rapidly declining health. Gambaryan has been held […]
Nigeria’s AI Initiative Boosts Tech Job Growth
Nigeria is on track to become a key player in the global digital economy, harnessing local talent to promote innovation and growth. Local startup Awarri has been selected to spearhead the development of Nigeria’s first artificial intelligence, as the country’s technology sector is experiencing significant growth. According to local media , this ambitious endeavor is not […]
Crypto Exchange OKX Halts Operations in Nigeria
OKX, a digital asset exchange, has announced the discontinuation of its services in Nigeria, citing local regulations. Crypto exchange OKX has announced its withdrawal from Nigeria, citing local laws in the wake of a recent crackdown on digital asset services in the country. This contributes to the ongoing regulatory crisis that crypto companies are currently encountering in […]