Nigeria

Nigerian Oil Block Auction Sees Tech Company Outpace Industry Giants

8 days ago

In a surprising turn of events within the oil industry, a tech firm has emerged victorious in securing a key oil block in Nigeria, outbidding several major oil companies. This auction, which concluded recently, has captivated the attention of industry experts and investors alike, raising questions about the future intersection of technology and traditional energy sectors.

Nigeria Set to Amend Digital Asset Regulations to Impose Taxes on Cryptocurrency Transactions

1 month ago

Nigeria is making significant moves in the realm of cryptocurrency regulation by proposing amendments to its digital asset rules. The pending legislative changes are geared towards imposing taxes on transactions involving digital currencies, signaling a shift in the government's approach to these increasingly popular financial instruments.

Data Blackout Strikes Nigeria Following Statistics Website Breach

3 months ago

Nigeria has recently faced a troubling situation as the nation's leading statistics website has been compromised, leading to a significant data blackout. This incident comes just weeks after the hacking of the National Bureau of Statistics (NBS) website, causing widespread concern about the reliability and security of crucial data in one of Africa's largest economies.

Nigerian Court Frees Binance Executive Held Since February Amid Controversy

5 months ago

In a significant turn of events, a Nigerian court has ordered the release of a Binance executive who had been detained since February under charges connected to a broader crackdown on cryptocurrency activities in the country. This decision has sparked discussions around regulatory practices and the state of the cryptocurrency market in Nigeria, which has seen heightened scrutiny in recent months.

Nigeria Takes Action Against Musk’s Starlink Over Unauthorized Price Increase

6 months ago

The Nigerian government has announced its intention to impose sanctions on Starlink, the satellite internet service owned by Elon Musk’s SpaceX, following allegations of an unauthorized price hike. This development signifies a growing tension between the Nigerian authorities and the telecommunications company, which has recently expanded its services in the West African country.

Binance’s Tigran Gambaryan in Nigerian Jail, Charged with Money Laundering

7 months ago

In a shocking turn of events, Tigran Gambaryan, a high-ranking executive at the world’s largest cryptocurrency exchange, Binance, has been apprehended and is currently detained in Nigeria. Authorities have charged Gambaryan with money laundering and conspiracy, sending ripples through the cryptocurrency community.