Nigeria

American Express Introduces Business Card for Nigerian Users
American Express Introduces Business Card for Nigerian Users
May 09, 2024  |  B2B Payments

American Express is rolling out a business credit card in Nigeria, its first such product in the country. The card offers business owners a spending limit...

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Nigeria Moves to Ban P2P Naira Crypto Trading
Nigeria Moves to Ban P2P Naira Crypto Trading
May 07, 2024  |  Cryptocurrency

Nigeria is reportedly stepping up its cryptocurrency crackdown with a proposed ban on peer-to-peer trading. The ban would affect P2P trading in the country’s naira, Bloomberg reported...

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Escaped Binance Exec Reportedly Located in Kenya
Escaped Binance Exec Reportedly Located in Kenya
April 22, 2024  |  Cryptocurrency

A Binance executive who fled Nigerian custody last month has reportedly been found in Kenya. Nadeem Anjarwalla, a British-Kenyan who is the cryptocurrency giant’s regional manager for...

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Detained Binance Execs Sue Nigeria for Rights Violations
Detained Binance Execs Sue Nigeria for Rights Violations
March 31, 2024  |  Cryptocurrency

Two Binance executives have sued the Nigerian government following their detention by the African nation. The cryptocurrency execs filed suit last week against Nigeria’s national security adviser, Nuhu...

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Binance Charged With Tax Evasion in Nigeria as Exec Escapes
Binance Charged With Tax Evasion in Nigeria as Exec Escapes
March 25, 2024  |  Cryptocurrency

Nigeria has reportedly charged Binance and two of the cryptocurrency exchange’s executives with tax evasion. The charges come with a dramatic wrinkle, as one of those executives, who...

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Nigeria Still Holding Binance Execs Amid Crypto Crisis
Nigeria Still Holding Binance Execs Amid Crypto Crisis
March 12, 2024  |  Cryptocurrency

Nigeria is still reportedly holding two Binance executives as it deals with a currency crisis. As The Wall Street Journal reported Tuesday (March 11), the detentions are happening as...

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Binance Execs Detained in Nigeria in Possible Criminal Probe
Binance Execs Detained in Nigeria in Possible Criminal Probe
February 29, 2024  |  Cryptocurrency

Nigeria reportedly detained two Binance executives as it increases pressure on the cryptocurrency sector. The executives were picked up by national security officers after arriving...

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Coinbase Denies Reports of Nigerian Crypto Ban
Coinbase Denies Reports of Nigerian Crypto Ban
February 25, 2024  |  Cryptocurrency

Cryptocurrency platform Coinbase is denying reports that it is being blocked in Nigeria. Last week saw a report by the Financial Times (FT) that the Nigerian government...

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Report: FairMoney Looking to Acquire Umba, Expand in Kenya
Report: FairMoney Looking to Acquire Umba, Expand in Kenya
February 20, 2024  |  Digital Banking

FairMoney, a digital bank based in Lagos and headquartered in Paris, is reportedly in talks to acquire Umba, a digital bank operating in Nigeria and...

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