Author: Louis Dike

LAGOS, Nigeria — Nigeria has published its first dedicated guidelines for taxing virtual assets, providing long-awaited clarity on how cryptocurrency users, Virtual Asset Service Providers (VASPs), peer-to-peer (P2P) marketplaces, and other digital asset businesses should comply with the country’s evolving tax framework. The guidance, released by the Nigeria Revenue Service (NRS), operationalizes provisions introduced under Nigeria’s recent tax reforms by detailing how virtual asset transactions should be valued, reported, and taxed. It represents another significant step in Nigeria’s broader effort to integrate digital assets into the formal financial and tax system.  Nigeria’s Virtual Asset Tax Guidelines Explained According to the…

KuCoin Nigeria and GIGX Technologies become the latest firms admitted into the SEC’s regulatory sandbox as Nigeria continues its phased approach to crypto oversight.

Plaintiffs accuse the crypto derivatives exchange of trading against customers, while BitMEX rejects the allegations.

BitMart, one of the cryptocurrency exchanges that has served millions of users globally since its launch in 2017, is shutting down. In a notice published on July 26, the exchange announced that it would begin an orderly wind-down of its trading platform, citing a review of its operating conditions, market environment, and future strategic direction. Rather than abruptly ceasing operations, the company says it will phase out its services over several months while allowing users time to withdraw their assets. The announcement marks the end of nearly a decade of operations and raises broader questions about the pressures facing centralized…

For years, Nigeria has been regarded as Africa’s crypto powerhouse. The country consistently ranks among the continent’s leaders in cryptocurrency adoption, peer-to-peer trading, and digital asset awareness. South Africa, meanwhile, has built a reputation for institutional finance, mature capital markets, and regulatory sophistication. But a growing divergence suggests the next phase of Africa’s crypto race may not be decided by who has the most users—it may be decided by who has the strongest regulatory infrastructure. That distinction came into sharp focus during Stablecon Salons Africa: Johannesburg, where one statistic repeatedly surfaced: South Africa now has more than 310 licensed Crypto…

For years, discussions around Africa’s startup ecosystem have revolved around one recurring question: How do we attract more venture capital? According to GetEquity CEO Jude Dike, that may no longer be the right question. Instead, he argues that the continent’s biggest challenge isn’t raising more money—it’s returning the money that’s already been invested. Speaking during a CoinAfrica One-on-One interview, Dike said Africa’s next investment cycle will depend less on new funding announcements and more on successful startup exits that put cash back into investors’ pockets. Venture capital runs on returns, not valuations Africa has witnessed billions of dollars flow into…

For many Nigerians, buying land is considered one of life’s biggest financial milestones. Yet for thousands of buyers, purchasing property marks the beginning of uncertainty rather than peace of mind. The challenge isn’t always affordability. It’s trust. According to Nnamdi Uba, Founder and CEO of Sytemap, the majority of Nigerians who purchase land cannot confidently verify its ownership history, location, or legal status without navigating fragmented records and manual verification processes. The result is a property market where confidence is low, fraud remains widespread, and first-time buyers often hesitate to invest. Nigeria Has a Trust Problem, Not Just a Land…

Artificial intelligence is rapidly changing how people work, search for information, and build businesses. According to Jude Dike, Co-founder and CEO of GetEquity, the next major transformation could happen in an area that affects millions of Africans every day: personal investing. Speaking during a CoinAfrica One-on-One interview, Dike argued that AI’s greatest impact on Africa’s financial future will not begin with stock picking or algorithmic trading. Instead, it will start with something far more fundamental—education. “The very first way is through education… The average Nigerian still doesn’t fully grasp how investments work in general.” For Dike, Africa’s biggest investment challenge…

Nigeria has taken another significant step toward building a coordinated regulatory framework for digital assets after President Bola Tinubu signed the Presidential Executive Order on Virtual Assets Coordination, 2026. The Executive Order establishes a Virtual Asset Council, chaired by the Central Bank of Nigeria (CBN), to coordinate the regulation of cryptocurrencies, stablecoins, tokenized securities, and other virtual assets across government agencies. Rather than creating a new regulator, the council is designed to improve cooperation among existing institutions whose responsibilities increasingly overlap as digital assets evolve. The move addresses a longstanding challenge in Nigeria’s digital asset ecosystem: fragmented oversight. Crypto businesses…

LAGOS — The global payments industry could be on the verge of its biggest consolidation in years after Stripe and private equity giant Advent International submitted a $53 billion proposal to acquire payments pioneer PayPal. The consortium reportedly offered $60.50 per share, representing a 28% premium above PayPal’s previous closing price. The proposal is backed by approximately $50 billion in committed financing from JPMorgan and Morgan Stanley, making it one of the largest fintech buyout attempts in history. However, sources familiar with the negotiations say PayPal’s board believes the proposal undervalues the company and is expected to seek better terms,…