Digital Skills to Power Nigeria’s Economy CBN Targets $1bn Monthly in Diaspora Financial Authorities to Track Digital Currencies President Bola Tinubu has directed Nigeria’s financial and capital market authorities to monitor the growing use of stablecoins and digital currencies. Speaking at the 18th Annual Banking and Finance Conference in Abuja, the president, represented by Finance … Read more
Bitcoin has reached a new all-time high, continuing a rally that has seen its price climb over 50% since Donald Trump’s victory in the 5 November election. The world’s leading cryptocurrency briefly surpassed $106,000 (£83,890) before settling around $104,500 during Monday morning trading in Asia. Analysts attribute the surge to optimism over the incoming Trump … Read more
The cryptocurrency market continues to present lucrative opportunities for investors, with December offering a prime window to acquire promising assets at competitive rates. EDITOR’S PICKS PDP Declares Ethiope East Federal Seat Vacant Following Ibori-Suenu’s Defection to APC Retired Principals Call for Recognition and Better Welfare from Government BREAKING: IGP Egbetokun Orders Major Shake-Up, Deploys New … Read more
Bitcoin made history on Thursday by surpassing the $100,000 mark for the first time, fueled by enthusiasm following Donald Trump’s decision to appoint a cryptocurrency advocate to lead the U.S. Securities and Exchange Commission (SEC).The move has bolstered expectations that the new administration will embrace deregulation in the digital asset sector. Record-Breaking Rally The cryptocurrency … Read more
Bitcoin, the world’s largest cryptocurrency, has reached a monumental milestone, surpassing $100,000 for the first time and setting a new all-time high. EKO HOT BLOG reports that the rally comes on the back of optimism that U.S. President-elect Donald Trump will usher in policies favouring the cryptocurrency sector. EDITOR’S PICKS Electricity Meter Costs Rise Again As … Read more
Bitcoin is nearing the $80,000 mark for the first time, fueled by President-elect Donald Trump’s positive stance on digital assets and a pro-crypto Congress. The cryptocurrency surged by 4.3% to an unprecedented $79,771 on Sunday, holding close to $79,000 by 2:05 p.m. in Singapore. Smaller cryptocurrencies like Cardano and Dogecoin also saw gains. On the … Read more
The dollar surged, and bitcoin hit a record high Wednesday as traders reacted to Donald Trump’s projected wins in two key swing states, sparking expectations of tax cuts, tariffs, and potential inflation under his administration. While polls had forecast a close race, Trump appeared to gain an edge over Democratic rival Vice President Kamala Harris … Read more
Tigran Gambaryan, a senior executive at Binance Holdings Limited, was airlifted out of Nigeria on a US medical aircraft shortly after the Nigerian government dropped money laundering charges against him, The New York Times reports. Gambaryan had been held in detention since February amid accusations that the cryptocurrency firm was involved in manipulating the naira. … Read more
The Federal Government has decided to proceed with the money laundering case against Binance Holdings Limited, despite dropping the charges against the company’s executive, Tigran Gambaryan. EKO HOT BLOG reports that on Wednesday, authorities withdrew the $35 million money laundering charges against Gambaryan, citing his poor health and diplomatic pressure as key reasons. Gambaryan, an … Read more
The government of President Bola Tinubu has withdrawn money laundering charges against Tigran Gambaryan, an executive of Binance Holdings Limited. The Economic and Financial Crimes Commission (EFCC) had initially charged Binance, a major cryptocurrency firm, and Gambaryan in April with allegations of money laundering. EDITOR’S PICKS BREAKING: Tinubu Arrives Abuja After Two-Week Working Vacation In … Read more
The highly anticipated airdrop from the crypto-mining app Hamster Kombat has sparked outrage among thousands of Nigerians. After five months of dedicated effort tapping to earn rewards, users were expecting significant payouts, with many dreaming of newfound wealth. However, upon the coin’s launch on Thursday, expectations quickly turned to disillusionment. Instead of the substantial rewards … Read more
Knarik Gambaryan, the mother of Tigran Gambaryan, a detained Binance executive in Nigeria, has fervently declared her son’s innocence regarding the charges of money laundering and terrorism financing brought against him by the Nigerian government. In a statement sent on Friday, Knarik emphasized that her son is unaware of the allegations against him. EDITOR’S PICKS … Read more
Former U.S. President Donald Trump, along with his sons and prominent cryptocurrency entrepreneurs, introduced a new digital finance platform late Monday, marking his entry into the world of decentralized finance (DeFi). The platform, called World Liberty Financial, was unveiled in a two-hour online presentation, despite an alleged assassination attempt on Trump at his West Palm … Read more
Nigeria’s Securities and Exchange Commission (SEC) has granted approval in principle to two cryptocurrency exchanges, Quidax and Busha, officially recognizing them as legal crypto trading platforms in the country. EKO HOT BLOG reports that these approvals were issued under the Commission’s Accelerated Regulatory Incubation Program (ARIP). Additionally, the SEC has admitted four other companies—Trovotech Ltd, … Read more
A report has revealed that the Nigerian government has frozen over $37 million worth of cryptocurrency held in wallets believed to be owned by organizers of the #EndBadGovernance protests. The freezing order was issued by the Federal High Court in Abuja. According to a copy of the ruling obtained by Premium Times, the order was … Read more
EFCC targets BDC operators in major Nigerian cities. Raids have disrupted trading and contributed to the naira’s high exchange rate. The Association of Bureau De Change Operators confirmed the raids affected both street traders and some registered operators. EKO HOT BLOG reports that the Economic and Financial Crimes Commission (EFCC) has intensified its crackdown on Bureau … Read more
FG Denies Binance’s Bribery Allegation Accuses Crypto Firm of Attempting Blackmail Charges Binance with Money Laundering, Terrorism Financing Eko Hot Blog reports that in a fierce rebuttal, the President Bola Tinubu-led federal government has accused cryptocurrency trading platform Binance of attempting to blackmail Nigeria. This accusation comes in the wake of Binance’s allegation that top … Read more
Nigeria’s recent attempts to stifle crypto transactions feel like a missed opportunity. While concerns about money laundering and naira volatility are understandable, a blanket ban ignores the potential crypto holds for our nation’s young people, a demographic desperate for economic empowerment. EDITOR’S PICKS MTN Nigeria To Adjust Call tariffs Amid Operational Challenges Details As Tinubu’s … Read more
Fintechs, including Opay and PalmPay, are discouraging crypto trading on their platforms. Their actions follow a CBN directive to the digital banks to stop onboarding new customers. There are concerns that the fintechs are being used for money laundering and terrorism financing. Eko Hot Blog reports that Nigerian fintech companies have cautioned their customers against … Read more
Primeboy Drags Mohbad’s Widow To Court Over False Accusations. Concerns over Mohbad’s son’s paternity and circumstances of death. Naira Marley and Sam Larry interrogated; Primeboy surrenders and visits State CID. EKO HOT BLOG reports that Owodunni Ibrahim, also known as Primeboy and a childhood friend of the late singer Mohbad, has lodged a petition with the … Read more