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Nigeria is a significant center for cryptocurrency transactions, with the Federal Inland Revenue Service overseeing tax regulations. Cryptocurrencies are classified as property, necessitating taxation on profits from sales and other …
Understanding Cryptocurrency Taxation in Nigeria: An Essential Guide Read More
President Bola Tinubu has signed the Investments and Securities Act (ISA) 2024, repealing the previous Act from 2007. This new legislation aims to strengthen Nigeria’s capital market, enhance investor protection, …
President Tinubu Enacts Investments and Securities Act 2024 Read More
Nigeria is grappling with economic turmoil marked by rising inflation and currency devaluation, prompting a shift towards cryptocurrency for wealth protection. Despite government efforts to stabilize the economy through various …
Nigeria’s Cryptocurrency Surge Amid Economic Crisis Read More
The Nigeria SEC has raised alarms about investment schemes that appear too lucrative and cautions investors against potential risks. The warning emphasizes the need for vigilance, as discussed in an …
Nigeria SEC Issues Warning on Hazardous Investment Schemes Read More
KPMG calls for Nigerian banks to adopt blockchain and partner with crypto firms to exploit digital finance opportunities. The March 2025 report highlights Nigeria’s resilience in crypto despite a previous …
KPMG Advocates Blockchain Adoption and Crypto Partnerships for Nigerian Banks Read More
Brazilian Federal Deputy Luiz Philippe de Orleans e Bragança has proposed bill PL 957/2025 that allows employers to pay wages in Bitcoin, capped at 50%. The bill mandates that at …
Brazilian Lawmaker Proposes Bill to Regulate Salaries in Bitcoin Read More
Sycamore, a Nigerian digital lender, has received an SEC fund manager license, allowing it to expand into asset management. The company plans to offer diverse investment portfolios and enhance its …
Sycamore Expands into Asset Management with New SEC License Read More
Ripple has partnered with the UAE to offer regulated crypto services, following Binance’s significant investment in the region. This partnership signifies Ripple’s strong presence in the Middle East, where 20% …
Ripple Expands into UAE with Regulated Cryptocurrency Services Read More
The U.S. House of Representatives has called on President Trump to impose sanctions on Nigeria in response to the rising violence against Christians. The hearing addressed the lack of government …
U.S. House of Representatives Calls for Sanctions on Nigeria Over Violence Against Christians Read More
In late 2024, Jumia exited Tunisia and South Africa due to challenging economic conditions affecting consumer spending. This strategic move leads to a focus on West and East Africa, with …
Jumia’s Strategic Exit from Tunisia and South Africa in 2024 Read More