A new name, Olaoluwa Samuel-Biyi, has popped up in the crypto space following amended rules by the Securities and Exchange Commission (SEC), mandating that digital asset platforms must be registered and licensed to operate. This development came after the Nigerian government’s clampdown on cryptocurrency exchange platforms in February 2021, followed by a rule amendment that required … Read more
Nigeria’s Securities and Exchange Commission (SEC) has urged Nigerian investors to always check the authenticity of a crypto trading platform on its dedicated website, following the rise in unlicensed platforms luring Nigerians into their operations. A check by Infomediang on the SEC website shows that there are only two registered cryptocurrency trading platforms licensed to … Read more
Nigeria’s Securities and Exchange Commission (SEC) has warned that Nigerians who invest in Punisher Coin, also known as SPUN ($PUN), are at risk of losing their hard-earned money. The investment regulatory agency disclosed that its investigation showed that Punisher Coin is a meme coin, which is characterised by pump and dump schemes. The SEC also … Read more
There are 233 stablecoins in the cryptocurrency market, with Tether (USDT) accounting for over $154 billion in market capitalization as of June 8, 2025. This represents 66 per cent of the total stablecoin market, according to data from the crypto price tracking website CoinMarketCap. USDC, issued by Circle, which holds the second position in terms … Read more
South Korea’s new president, Lee Jae-myung, says his presidency will take the necessary steps to reform cryptocurrency laws in the country—an announcement seen by crypto stakeholders as a major shift in the digital assets industry. Lee, known for his support of free trade, contested and won the election following the impeachment of conservative leader Yoon … Read more
Unless Bitcoin makes another move to break its existing All-Time High, May 2025 remains a remarkable month for the most valuable cryptocurrency, as it reached an ATH of $111,970.17 on May 22, 2025. It ended the month with a market capitalisation of $2,079,433,767,579, compared to the previous month — April — when it ended with … Read more
Bitcoin began April 2025 at $82,551.92 per BTC and overcame several hurdles to end the month at $94,207.31. This contrasts with the previous month—March—when it started at $84,373.86 but closed lower at $82,548.91. Here is the price history of Bitcoin from April 1 to April 30, 2025: Date High Low Closing Price April 30 $95,249.32 … Read more
The National Agency for Food and Drug Administration and Control (NAFDAC) is investigating four retailing companies over the unapproved circulation of two health and wellness products—Amezcua Bio Disc 3 and Amezcua Chi Pendant 4—in the Nigerian markets. The health agency says Nigeria’s anti-graft agency, EFCC, has also raised similar concerns over the retailing companies: Quest … Read more
Skin lightening soap – Fair Child Soap – produced for and marketed by Lexmart Cosmetics Ltd is unregistered and can damage a child’s skin, the National Agency for Food and Drugs Administration and Control (NAFDAC) has warned users. The health regulatory agency issued the warning in Public Alert No. 20/2025, stating that it has not … Read more
The Republic of Chad has announced a retaliatory visa ban on citizens of the United States, less than 24 hours after President Trump of the U.S. included nationals of the African country among one of the 12 countries barred from entering the U.S. Trump, in a proclamation, stated that the affected countries harbour terrorists and that … Read more
NAFDAC has raised a red flag over a deadly counterfeit drug, Rosprazole (Rabeprazole Injection) 20mg, illegally imported into Nigeria by Rostrec Pharmacy, falsely labeled and dangerously misleading, the fake injection poses life-threatening risks to unsuspecting patients. Here’s what you must know about the fake product.
President Donald Trump has signed a proclamation banning nationals from 12 countries—including Libya, Chad, Iran, and Yemen—from entering the U.S., citing terrorism risks and security vetting failures.
It was 8:32 AM when my plane touched down in Lisbon. I had just flown in from Lagos for a 5-day fintech conference. Jet-lagged, hungry, and holding back a yawn, I did what most travelers do—reached for my phone. No service. Normally, I’d panic. I’ve done the SIM swap dance before: hunting for a kiosk, … Read more
There are several ways government agencies or private organizations check whether a business or company is compliant. One of them is through the Company Information Sheet (CIS). What is CIS? The Company Information Sheet (CIS) is not only used to verify if a business is still active or operational, but it also serves as a form of … Read more
Do you know that you can lose a multi-million naira or dollar contract simply by failing to file annual returns? Organizations abroad take business records seriously before signing any contract. Filing annual returns for your company or business is not only a way to generate revenue for the government, but it is also proof of … Read more