Author: Louis Dike

Louis Dike

Louis Dike is the Publisher of Coinafrica, leveraging years of experience driving growth for global exchanges like Bybit, Bitget, and VTrader across Africa. A former Binance Tutor, he now channels his expertise into clear, insightful reporting that amplifies Africa’s voice in the global Web3 economy.

Ethereum

Ethereum Foundation Cuts 20% of Staff in Major Restructuring as Organization Refocuses on Core Mission

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The Ethereum Foundation (EF), the nonprofit organization that supports the development and stewardship of the Ethereum blockchain, has announced a significant restructuring that includes laying off 54 employees—roughly 20% of its workforce—as it seeks to become leaner and more focused on Ethereum’s long-term priorities. The move concludes a months-long reorganization tied to the implementation of the Foundation’s updated mandate and treasury management strategy. According to the Foundation, the restructuring is intended to improve execution and ensure resources are concentrated on the most critical work required to support Ethereum’s future. “We come out of this process with the structure, activities, and…

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Nigeria

What CBN’s New Ownership Disclosure Rules Mean for Fintechs, Stablecoins, and Crypto Firms

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Nigeria’s Central Bank is demanding greater transparency from fintechs, payment companies, and other regulated financial institutions through a new directive focused on Ultimate Beneficial Ownership (UBO) disclosure. The move requires regulated entities to identify, verify, and maintain records of the individuals who ultimately own or control their businesses, even where ownership is layered through holding companies, investment vehicles, nominee arrangements, or offshore structures. While the directive is primarily aimed at strengthening governance and anti-money laundering controls, its implications extend far beyond traditional finance. For the crypto industry, the development offers an important glimpse into how Nigerian regulators may approach future…

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Nigeria

CBN Moves to Prevent Payment Monopolies as Nigeria Pursues Digital Payments Growth

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The Central Bank of Nigeria (CBN) is taking steps to ensure that no single payment company becomes too dominant within the country’s rapidly growing digital payments ecosystem. The move forms part of the regulator’s broader Payments System Vision 2028 (PSV 2028), an ambitious roadmap designed to deepen digital finance adoption, strengthen payment infrastructure, and position Nigeria as a leading regional payments hub. Under the framework, the CBN intends to prevent payment providers from locking in consumers or merchants through anti-competitive practices while promoting a more open and interoperable payments ecosystem.  As fintech companies continue to scale across Nigeria, the regulator…

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Markets

Flutterwave-Ripple Deal Signals Stablecoin Infrastructure Race in Africa

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Ripple, the blockchain infrastructure company behind XRP and the RLUSD stablecoin, has made an undisclosed strategic investment in Series E funding round to Flutterwave, valuing the African fintech giant at approximately $3.25 billion. The deal marks one of the most significant intersections yet between traditional African fintech infrastructure and the emerging stablecoin economy. More than a simple capital injection, the partnership positions both companies to compete for a growing opportunity: becoming the rails that power cross-border payments and stablecoin adoption across Africa. Beyond Capital: A Stablecoin Infrastructure Play According to details disclosed alongside the investment, Flutterwave will integrate Ripple’s U.S.…

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