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Nigeria
Democratizing Investing: A Revolution in the Making?
Education Center
Stablecoins for Remittances: A Potential Game Changer?
Education Center
Wealthtech and the Democratization of Investing: Opportunities
Education Center
ACY Securities Launches Comprehensive Reports for Shares to All
Thought Leadership
Democratizing Investing: A Revolution in the Making?
Education Center
Stablecoins for Remittances: A Potential Game Changer?
Education Center
Wealthtech and the Democratization of Investing: Opportunities
Education Center
ACY Securities Launches Comprehensive Reports for Shares to All
Thought Leadership
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FinTech
Nigeria Becomes Africa’s Open Banking Regulation Pioneer
The Central Bank of Nigeria's interest in open banking dates back to 2018.
The new guidelines will be supported by the Nigeria Data Protection Regulation.
Friday, 10/03/2023 | 18:18 GMT
by
Solomon Oladipupo
CryptoCurrency
Nigeria Seeks to Legalize Crypto as Investment Capital
A bill to that effect has passed a second reading at the country's House of Reps.
Nigeria's SEC clarified crypto as securities 7 months ago.
Monday, 19/12/2022 | 13:47 GMT
by
Solomon Oladipupo
CryptoCurrency
FTX’s Collapse Troubles African Fintech Firms
FTX before its fall processed billions of dollars monthly in Africa.
The Nigerian startup, Nestcoin held its assets (cash and stable) in FTX.
Tuesday, 22/11/2022 | 17:54 GMT
by
Solomon Oladipupo
Thought Leaders
OneRoyal Opens an Office in Lagos, Nigeria
2022 has already been a busy year for OneRoyal.
Tuesday, 25/10/2022 | 11:10 GMT
by
FM
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CryptoCurrency
A Virtual Free Zone in Africa Is Being Discussed with Binance
The Nigeria Export Processing Zones Authority is planning to create a Virtual Free Zone.
Talent City for Nigeria was also approached 'to widen economic opportunities'.
Monday, 05/09/2022 | 09:43 GMT
by
Matti Williamson
Thought Leaders
OctaFX's Report Sheds Light on the State of the Forex Industry in Nigeria
OctaFX produced a report that discusses the Nigerian Forex trading market.
Tuesday, 30/08/2022 | 09:15 GMT
by
FM
Thought Leaders
Bitpapa Comes to Nigeria
P2P marketplace Bitpapa is helping pave the way for Nigerians.
Tuesday, 02/08/2022 | 13:03 GMT
by
FM
FinTech
Fintech PocketApp Gets AIP for Nigeria's Apex Bank’s MMO License
PocketApp just rebranded from Abeg.
MMO license is a permit to create and manage digital wallets and issue electronic money.
Monday, 27/06/2022 | 20:38 GMT
by
Solomon Oladipupo
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Analysis
Retail FX
Analysis
Lack of Regulation: Are Online Forex Traders Safe in Nigeria?
Nigeria is the second largest retail online forex market in Africa.
But, the absence of specific regulations means traders remain somewhat 'vulnerable'.
Wednesday, 15/06/2022 | 11:17 GMT
by
Solomon Oladipupo
Analysis
Payments
Analysis
Can Africa’s Telco Giants Disrupt Nigeria’s Payments Industry?
MTN Nigeria and Airtel Africa want to drive inclusion in Nigeria's payments industry.
Trust, adoption, and acceptance are some of the challenges on their way, experts say.
Thursday, 09/06/2022 | 15:07 GMT
by
Solomon Oladipupo
CryptoCurrency
Despite Implicit Ban, Nigeria Rules Crypto as Securities; Can It Stand?
Digital token issuers cannot raise more than N10 billion ($25 million) within a year.
Critics say rules harsh to local industry.
Monday, 16/05/2022 | 21:55 GMT
by
Solomon Oladipupo
Regulation
Nigerian Regulator Defines Crypto as Securities, Clarifies Listing Rules
Exchanges in the country need to be registered with the regulator.
They need to obtain licenses for the issuance and transfer of securities.
Monday, 16/05/2022 | 07:04 GMT
by
Arnab Shome
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FinTech
Nigerian Fintech Leaders React to Flutterwave Allegations
CEO Agboola was accused of insider trading, stock options fraud and sexual harassment.
US SEC declined FOIA request, report says
Thursday, 14/04/2022 | 06:15 GMT
by
Solomon Oladipupo
CryptoCurrency
Nigeria’s CBN Slams $2m Fines on Four Banks for Crypto Transactions
CBN spotted the transactions through its surveillance technology.
The sanctions come over a year after the implicit ban on crypto transactions.
Thursday, 07/04/2022 | 15:04 GMT
by
Solomon Oladipupo
Thought Leaders
Kwakol Announces Exciting Developments for Traders & Affiliates
Kwakol Markets has obtained a FINTRAC license.
Thursday, 24/03/2022 | 08:53 GMT
by
Kwakol Markets
FinTech
Nigeria’s Fintech Firm Tingo Seeks to Raise $500 Million to Serve More African Farmers
Tingo wants to raise money to focus on farmers’ needs in Africa.
The fintech aims to address gaps in financing for those farmers.
Tuesday, 22/02/2022 | 06:55 GMT
by
Nicholas Otieno
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News
Cryptocurrency Exchange Binance Restricts 281 Accounts of Nigerian Users
Nearly 38% of the accounts were restricted at the request of law enforcement agencies.
According to the exchange, it has resolved 79 cases.
Monday, 31/01/2022 | 09:15 GMT
by
Bilal Jafar
FinTech
PayedIn Launches Its Pay Solution App in Nigeria
The fintech firm aims to enable businesses to access efficient ePayment solutions.
Sunday, 30/01/2022 | 10:05 GMT
by
Nicholas Otieno
Regulation
Nigerian SEC to Set Up a Special Division for Studying Crypto Investments
The purpose of the division is to assess all the aspects of the crypto investments to come up with regulations.
Friday, 03/09/2021 | 21:44 GMT
by
Felipe Erazo
News
Central Bank of Nigeria Sends Guidelines to Banks on CBDC Project e-Naira
The Nigerian central bank seeks to make e-Naira a legal tender for the country if tests are successful.
Monday, 30/08/2021 | 20:21 GMT
by
Felipe Erazo
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Thought Leaders
AFEN Blockchain Group Set to Develop Key Areas of the African Continent
The introduction of blockchain-based solutions could catalyze the growth of the region’s dwindling economy.
Monday, 23/08/2021 | 14:36 GMT
by
Finance Magnates Staff
Analysis
Africa – The Land of Future Opportunities?
Although not fully regulated, Africa is growing in size on the map of FX/CFD brokers.
Wednesday, 18/08/2021 | 09:19 GMT
by
Sylwester Majewski
Thought Leaders
FBS Introduces Fix Rate for Nigerian Traders
The currency exchange rate is always fixed when making deposits: 1 USD = 400 NGN.
Monday, 16/08/2021 | 10:20 GMT
by
Finance Magnates Staff
News
Nigerian Police Arrest Brisk Capital CEO for Alleged $4M Investment Fraud
The Commissioner of the Special Fraud Unit of the Nigerian Police Force said that Dominic Joshua confessed to the crime.
Tuesday, 25/05/2021 | 22:39 GMT
by
Felipe Erazo
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Regulation
Nigeria Did Not Ban Crypto: Official Clarifies on Earlier Order
Banks and other financial institutions are barred from serving crypto companies.
Monday, 22/03/2021 | 09:12 GMT
by
Arnab Shome
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