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#NGAWatch 🇳🇬🚨
Nigeria’s inflation crisis is intensifying. 📈 In December, headline inflation jumped to a staggering 31.2% YoY, putting more pressure on households and businesses.
Meanwhile, money supply (M3) is growing at 15.2% YoY — exceeding Hanke’s recommended Golden Growth Rate of 11.8–14.8%, the range considered consistent with Nigeria’s 6–9% inflation target.
⚠️ Takeaway: Liquidity is still running too hot, and inflationary pressure isn’t cooling anytime soon.
#Nigeria
#Inflation
#Economy
#EmergingMarkets
#MacroEconomics
Nigeria’s inflation crisis is intensifying. 📈 In December, headline inflation jumped to a staggering 31.2% YoY, putting more pressure on households and businesses.
Meanwhile, money supply (M3) is growing at 15.2% YoY — exceeding Hanke’s recommended Golden Growth Rate of 11.8–14.8%, the range considered consistent with Nigeria’s 6–9% inflation target.
⚠️ Takeaway: Liquidity is still running too hot, and inflationary pressure isn’t cooling anytime soon.
#Nigeria
#Inflation
#Economy
#EmergingMarkets
#MacroEconomics
🚨 AFRICA IS WAKING UP: 🇳🇬🚀
Nigeria just made history — becoming the first African nation to enter the IMF’s Top 10 global GDP growth contributors for 2026.
With a projected 1.5% share of global growth, Nigeria is now ahead of Germany and running neck-and-neck with Brazil, in a list dominated by Asian giants.
Even Elon Musk weighed in: “The balance of power is changing.”
This isn’t hype — it’s a structural shift putting Africa firmly on the global growth map. 🌍🔥
$BULLA
$CYS
$FHE
#BREAKING #Nigeria #GlobalGrowth #AfricaRising #Macro
Nigeria just made history — becoming the first African nation to enter the IMF’s Top 10 global GDP growth contributors for 2026.
With a projected 1.5% share of global growth, Nigeria is now ahead of Germany and running neck-and-neck with Brazil, in a list dominated by Asian giants.
Even Elon Musk weighed in: “The balance of power is changing.”
This isn’t hype — it’s a structural shift putting Africa firmly on the global growth map. 🌍🔥
$BULLA
$CYS
$FHE
#BREAKING #Nigeria #GlobalGrowth #AfricaRising #Macro
🚨 Scam Alert: Polyfarm Ponzi Scheme Mastermind Arrested in Nigeria
The Economic and Financial Crimes Commission (EFCC) has officially apprehended Bamu Gift Wanji for orchestrating a massive cryptocurrency fraud.
Inside the Scheme:
Deceptive Branding: The project, Polyfarm, falsely claimed to be an integral part of the Polygon ecosystem to gain credibility. Investigations confirmed no actual link to the Polygon blockchain.False Promises: Investors were lured with "guaranteed" high returns that lacked any real economic backing.Aggressive Marketing: The suspect used social media, messaging apps, and physical seminars in major Nigerian cities to recruit victims.The "Hacker" Cover-up: When withdrawals stopped, Wanji claimed the platform was hit by a cyberattack. However, the EFCC found no evidence of a breach—funds were simply siphoned off for his personal use.
The Verdict: Polyfarm was a textbook Ponzi scheme, operating without any license or registration from financial regulators. The case is now heading to court.
⚠️ Key Takeaways for Investors:
Verify Partnerships: Always check official ecosystem directories (like Polygon’s official site) to verify claims of affiliation."Guaranteed Returns" = Red Flag: High, risk-free returns do not exist in the volatile crypto market.Check Licenses: Ensure any investment platform is registered with the relevant financial authorities.
Stay vigilant and always DYOR (Do Your Own Research) before committing your capital! 🛡️
#scam #fraud #Polygon #Nigeria #EFCC
The Economic and Financial Crimes Commission (EFCC) has officially apprehended Bamu Gift Wanji for orchestrating a massive cryptocurrency fraud.
Inside the Scheme:
Deceptive Branding: The project, Polyfarm, falsely claimed to be an integral part of the Polygon ecosystem to gain credibility. Investigations confirmed no actual link to the Polygon blockchain.False Promises: Investors were lured with "guaranteed" high returns that lacked any real economic backing.Aggressive Marketing: The suspect used social media, messaging apps, and physical seminars in major Nigerian cities to recruit victims.The "Hacker" Cover-up: When withdrawals stopped, Wanji claimed the platform was hit by a cyberattack. However, the EFCC found no evidence of a breach—funds were simply siphoned off for his personal use.
The Verdict: Polyfarm was a textbook Ponzi scheme, operating without any license or registration from financial regulators. The case is now heading to court.
⚠️ Key Takeaways for Investors:
Verify Partnerships: Always check official ecosystem directories (like Polygon’s official site) to verify claims of affiliation."Guaranteed Returns" = Red Flag: High, risk-free returns do not exist in the volatile crypto market.Check Licenses: Ensure any investment platform is registered with the relevant financial authorities.
Stay vigilant and always DYOR (Do Your Own Research) before committing your capital! 🛡️
#scam #fraud #Polygon #Nigeria #EFCC
Prison Break Season One: Nigeria vs Binance
On February 26, 2024, the Nigerian government kidnapped two Binance executives who arrived in the country for negotiations regarding a claim that Binance initiated the speculations of Nigeria currency operations, which led to the fall of the naira.
The executives were accused of operating a business worth billions without proper registrations and documentation, leading to their kidnapping in Abuja, Nigeria. The government requested transaction data involving the Nigerian Naira and demanded the deletion of certain data from the Binance platform, but the executives insisted on being taken to their respective embassies before complying. The investigation was taken over by the Economic and Financial Crimes Commission (EFCC).
Despite being under a 14-day remand order, one of the executives, Nadeem Anjarwalla, reportedly escaped from custody using a smuggled passport, prompting efforts for his arrest. The Office of the National Security Adviser confirmed the escape and stated that Anjarwalla fled Nigeria, leading to ongoing efforts, including collaboration with Interpol, to apprehend him. A Nigerian citizen living in the U.K, at the time of this write-up called in from London to contribute to a live radio session and said "he was happy that Anjarwalla escaped; it was wrong for two Binance executives to come for official negotiations on solving the matter but unexpectedly get kidnapped."
Many Nigerians believe that the Nigerian government criminally arrested these executives and wanted to get free money by imposing a fine on Binance worth $10 billion, thinking they would get a similar share as Binance recently agreed to pay the US government a fine of $4.3 billion. The corruption of the Nigerian government and the security agencies is believed to have been taken to an international level, thereby causing them a shocking embarrassment, as most Nigerians and knowledgeable users of Binance believed.
What is your take on this season film of the prison break? Do you think money has exchanged hands or the government is trying to play politics/tricks?
Let's meet in the comments section.
#BTC #xrp #Nigeria $BTC $shib
The executives were accused of operating a business worth billions without proper registrations and documentation, leading to their kidnapping in Abuja, Nigeria. The government requested transaction data involving the Nigerian Naira and demanded the deletion of certain data from the Binance platform, but the executives insisted on being taken to their respective embassies before complying. The investigation was taken over by the Economic and Financial Crimes Commission (EFCC).
Despite being under a 14-day remand order, one of the executives, Nadeem Anjarwalla, reportedly escaped from custody using a smuggled passport, prompting efforts for his arrest. The Office of the National Security Adviser confirmed the escape and stated that Anjarwalla fled Nigeria, leading to ongoing efforts, including collaboration with Interpol, to apprehend him. A Nigerian citizen living in the U.K, at the time of this write-up called in from London to contribute to a live radio session and said "he was happy that Anjarwalla escaped; it was wrong for two Binance executives to come for official negotiations on solving the matter but unexpectedly get kidnapped."
Many Nigerians believe that the Nigerian government criminally arrested these executives and wanted to get free money by imposing a fine on Binance worth $10 billion, thinking they would get a similar share as Binance recently agreed to pay the US government a fine of $4.3 billion. The corruption of the Nigerian government and the security agencies is believed to have been taken to an international level, thereby causing them a shocking embarrassment, as most Nigerians and knowledgeable users of Binance believed.
What is your take on this season film of the prison break? Do you think money has exchanged hands or the government is trying to play politics/tricks?
Let's meet in the comments section.
#BTC #xrp #Nigeria $BTC $shib
Wow $SHIB 😘, I’m just a girl who loves crypto #womendays #TrendingTopic and what’s the news for us Nigerians any update? #nigeria
DAO Labs Empowering Nigerian Youth Through Social Mining
In Nigeria, many young people face limited access to traditional jobs. DAO Labs is changing this narrative by introducing Social Mining Hubs powered by V2. These hubs give students and community members a way to earn steady income while learning new skills, collaborating, and driving advocacy.
Participants contribute by writing, creating visuals, translating, and engaging in DAO-driven campaigns, all rewarded transparently on-chain. One Nigerian youth shared: “Social Mining gave me a chance to support my education and my family while being part of something bigger.”
This model is proving transformative—strengthening families, building financial independence, and inspiring a generation of youth leaders.
💡 What do you think? Could Social Mining hubs become the blueprint for empowering youth across Africa?
#Nigeria #SocialMining #DAOLabs
In Nigeria, many young people face limited access to traditional jobs. DAO Labs is changing this narrative by introducing Social Mining Hubs powered by V2. These hubs give students and community members a way to earn steady income while learning new skills, collaborating, and driving advocacy.
Participants contribute by writing, creating visuals, translating, and engaging in DAO-driven campaigns, all rewarded transparently on-chain. One Nigerian youth shared: “Social Mining gave me a chance to support my education and my family while being part of something bigger.”
This model is proving transformative—strengthening families, building financial independence, and inspiring a generation of youth leaders.
💡 What do you think? Could Social Mining hubs become the blueprint for empowering youth across Africa?
#Nigeria #SocialMining #DAOLabs
DAO Labs Social Mining V2 is empowering Nigerian youth to earn steady income through simple online tasks. Many young Nigerians face difficulty finding regular jobs, but this platform offers a fresh and reliable way to build skills and earn tokens. Youth join local Social Mining hubs where they collaborate, complete social tasks, and receive instant credit for their efforts.
Take Chika from Enugu, for example. She shares, “I earn daily by posting and engaging with tasks on the platform. The tokens I earn help me pay for my education and support my family’s needs.” Chika’s story reflects the real impact Social Mining has on many young Nigerians who struggle with unemployment or underemployment.
Beyond just earning, the platform helps communities organize and trade tokens on the Social Exchange, converting them into stablecoins or $LABOR. There are no complicated steps or staking requirements, making it welcoming for first-time users. The new mobile app allows youth to mine anytime and from anywhere, adding convenience and accessibility to decentralized work.
DAO Labs Social Mining is not just about income; it’s about giving Nigerian youth control over their financial futures while connecting with a supportive community. Join the growing Social Mining movement today and experience firsthand how decentralized work can change lives.
#SocialMining #Nigeria @DAO Labs @Nigeria
Take Chika from Enugu, for example. She shares, “I earn daily by posting and engaging with tasks on the platform. The tokens I earn help me pay for my education and support my family’s needs.” Chika’s story reflects the real impact Social Mining has on many young Nigerians who struggle with unemployment or underemployment.
Beyond just earning, the platform helps communities organize and trade tokens on the Social Exchange, converting them into stablecoins or $LABOR. There are no complicated steps or staking requirements, making it welcoming for first-time users. The new mobile app allows youth to mine anytime and from anywhere, adding convenience and accessibility to decentralized work.
DAO Labs Social Mining is not just about income; it’s about giving Nigerian youth control over their financial futures while connecting with a supportive community. Join the growing Social Mining movement today and experience firsthand how decentralized work can change lives.
#SocialMining #Nigeria @DAO Labs @Nigeria
In Maiduguri Borno State many people still struggle to access digital finance. Most families share one smartphone while others depend on small torchlight phones. POS agents are the main way people send or receive money since bank branches are far and internet service is weak.
One shop owner told me simply. “Network no dey stable. Sometimes I wait hours just to confirm one transfer. Many customers prefer cash because they don’t trust the apps.” This shows how poor internet, low trust in banks, and lack of ID like NIN or BVN block people from using digital tools fully.
To cope communities depend on esusu or ajo savings groups and borrow from friends at the market. These systems help but they are limited.
Now imagine if people here could earn directly from the internet even small amounts weekly. That is where DAO Labs Social Mining comes in.
DAO Labs rewards people for simple online contributions like posting engaging and sharing knowledge. Instead of just likes you earn tokens that can be cashed out through local POS agents. For families this can mean money for school fees food or farm tools.
Even better communities can form mini DAOs to pool rewards and vote on projects like buying seeds repairing boreholes or setting up small shops. This is not just finance it is financial inclusion powered by the people.
With the right support crypto tools can turn phones into income streams and rebuild trust where banks fall short. @DAO Labs #Nigeria #DAOVERSE #FinancialInclusion
One shop owner told me simply. “Network no dey stable. Sometimes I wait hours just to confirm one transfer. Many customers prefer cash because they don’t trust the apps.” This shows how poor internet, low trust in banks, and lack of ID like NIN or BVN block people from using digital tools fully.
To cope communities depend on esusu or ajo savings groups and borrow from friends at the market. These systems help but they are limited.
Now imagine if people here could earn directly from the internet even small amounts weekly. That is where DAO Labs Social Mining comes in.
DAO Labs rewards people for simple online contributions like posting engaging and sharing knowledge. Instead of just likes you earn tokens that can be cashed out through local POS agents. For families this can mean money for school fees food or farm tools.
Even better communities can form mini DAOs to pool rewards and vote on projects like buying seeds repairing boreholes or setting up small shops. This is not just finance it is financial inclusion powered by the people.
With the right support crypto tools can turn phones into income streams and rebuild trust where banks fall short. @DAO Labs #Nigeria #DAOVERSE #FinancialInclusion
▪️ Central Bank of Nigeria Lifts Crypto Ban Following New SEC Regulation #crypto #crypto2023 #nigeria
Nigeria injects $543.5 million to support Naira
The Central Bank of Nigeria (CBN) injected $543.5 million into the Nigerian foreign exchange market between September 6 and 30 to address currency volatility. The bank attributed the volatility to high import demand and seasonal factors. Nigeria is facing a foreign exchange shortage and the government has taken several measures to combat the situation, including restricting foreign currency withdrawals and considering selling oil in local currency.
DOJ seeks to return millions of USD in cryptocurrency to victims of $97 million oil scam
The U.S. Department of Justice (#DOJ ) is working to recover $7.1 million in cryptocurrency to return to victims of a $97 million oil investment fraud. A man in Washington, Geoffrey Auyeung, has been accused of laundering money from this scheme.
Money laundering through crypto wallets and blockchain tracing
Prosecutors say the promised scam money from leasing oil storage has been funneled through shell companies, U.S. bank accounts, foreign accounts, and at least 19 cryptocurrency wallets, some linked to IP addresses and exchanges in Russia, #Nigeria .
This case shows that criminals are increasingly using cryptocurrency in scam and international money laundering networks, especially in areas with loose regulations. It also demonstrates that the DOJ is increasingly relying on blockchain tracing to recover assets related to transnational financial crime. Andrew Lunardi from Immutable noted that tracing on public blockchain is often easier than traditional finance due to immutable transaction records.
The DOJ investigation found that Auyeung controlled a network of fake companies to hide the source of the funds. He is accused of moving victims' money through more than 80 bank accounts and nearly 20 cryptocurrency wallets, eventually converting it into $BTC , $ETH , Tether, and $USDC , with some transactions passing through Gemini and Binance exchanges in the U.S.
The U.S. Department of Justice (#DOJ ) is working to recover $7.1 million in cryptocurrency to return to victims of a $97 million oil investment fraud. A man in Washington, Geoffrey Auyeung, has been accused of laundering money from this scheme.
Money laundering through crypto wallets and blockchain tracing
Prosecutors say the promised scam money from leasing oil storage has been funneled through shell companies, U.S. bank accounts, foreign accounts, and at least 19 cryptocurrency wallets, some linked to IP addresses and exchanges in Russia, #Nigeria .
This case shows that criminals are increasingly using cryptocurrency in scam and international money laundering networks, especially in areas with loose regulations. It also demonstrates that the DOJ is increasingly relying on blockchain tracing to recover assets related to transnational financial crime. Andrew Lunardi from Immutable noted that tracing on public blockchain is often easier than traditional finance due to immutable transaction records.
The DOJ investigation found that Auyeung controlled a network of fake companies to hide the source of the funds. He is accused of moving victims' money through more than 80 bank accounts and nearly 20 cryptocurrency wallets, eventually converting it into $BTC , $ETH , Tether, and $USDC , with some transactions passing through Gemini and Binance exchanges in the U.S.
Hello everyone ... Nigeria is one of the most active countries in terms of adoption and use of cryptocurrencies in Africa and even in the world. Here are some key points to highlight:
1. Adoption of cryptocurrencies
- Nigeria is one of the global leaders in cryptocurrency adoption. According to several reports, the country regularly ranks among the top in terms of cryptocurrency transaction volume.
- Cryptocurrencies are popular among young Nigerians, who use them for money transfers, investments, and as a hedge against inflation and the depreciation of the local currency, the naira.
2. Reasons for popularity
- Inflation and depreciation of the naira: The Nigerian currency has experienced significant depreciation in recent years, pushing citizens to turn to alternative assets like cryptocurrencies to preserve their savings.
- Money transfers: Cryptocurrencies are used to send and receive money abroad, bypassing high fees and delays of traditional transfer systems.
- Limited access to banking services: A portion of the Nigerian population lacks access to traditional banking services, making cryptocurrencies attractive for financial transactions.
3. Regulation and bans
- In February 2021, the Central Bank of Nigeria (CBN) banned financial institutions from facilitating cryptocurrency transactions, citing concerns related to financial stability, money laundering, and terrorism financing.
- Despite this ban, Nigerians continue to use cryptocurrencies through peer-to-peer (P2P) platforms like Binance...
In short, #Nigeria is a major player in the cryptocurrency space, despite regulatory and economic challenges. Adoption continues to grow, and cryptocurrencies could play a key role in Nigeria's financial future. Thank you guys
1. Adoption of cryptocurrencies
- Nigeria is one of the global leaders in cryptocurrency adoption. According to several reports, the country regularly ranks among the top in terms of cryptocurrency transaction volume.
- Cryptocurrencies are popular among young Nigerians, who use them for money transfers, investments, and as a hedge against inflation and the depreciation of the local currency, the naira.
2. Reasons for popularity
- Inflation and depreciation of the naira: The Nigerian currency has experienced significant depreciation in recent years, pushing citizens to turn to alternative assets like cryptocurrencies to preserve their savings.
- Money transfers: Cryptocurrencies are used to send and receive money abroad, bypassing high fees and delays of traditional transfer systems.
- Limited access to banking services: A portion of the Nigerian population lacks access to traditional banking services, making cryptocurrencies attractive for financial transactions.
3. Regulation and bans
- In February 2021, the Central Bank of Nigeria (CBN) banned financial institutions from facilitating cryptocurrency transactions, citing concerns related to financial stability, money laundering, and terrorism financing.
- Despite this ban, Nigerians continue to use cryptocurrencies through peer-to-peer (P2P) platforms like Binance...
In short, #Nigeria is a major player in the cryptocurrency space, despite regulatory and economic challenges. Adoption continues to grow, and cryptocurrencies could play a key role in Nigeria's financial future. Thank you guys
Nigeria Economic Crisis: Is Crypto the New Lifeline?
Nigeria is facing a severe economic crisis, with inflation peaking at 24.48% in January 2025 before easing slightly to 23.18% in February. However, this decrease is mainly due to adjustments in the calculation of the Consumer Price Index (CPI), not reflecting actual improvement. The naira has also depreciated by 230% against the USD in the past year, causing a severe cost of living crisis.
In this context, crypto is becoming an asset protection solution for the people of Nigeria. According to Chainalysis, from July 2023 to June 2024, cryptocurrency transactions in Nigeria reached 59 billion USD.
In this context, crypto is becoming an asset protection solution for the people of Nigeria. According to Chainalysis, from July 2023 to June 2024, cryptocurrency transactions in Nigeria reached 59 billion USD.
Mapping Nigeria's Unstapped Crypto Economy with Daolabs
In #Nigeria , fintech thrives in Lagos and Abuja, yet many rural and peri-urban areas remain locked out of digital finance. These underserved zones hold the true heartbeat of our economy: farmers, traders, artisans, and youths battling daily inflation without access to tools that could help them thrive.
📍 Case Study: Northern Nigeria (Kano & Jigawa)
Here, smartphone use is low, mobile banking often fails, and crypto wallets are barely known. People still rely on esusu (informal contribution groups) or borrowing by trust. Barriers like high internet costs, limited literacy, and mistrust in digital systems keep communities excluded.
🔎 Local voices:
“Network dey fail anytime we wan use POS.”
“Crypto? I hear say na only for Lagos boys.”
“We just use the contribution box for our market.”
The message is clear: digital finance hasn’t reached them.
✨ DAO Labs & #SocialMiningV2
@DAO Labs is creating a borderless financial culture where people own their growth. With Social Mining, communities in Kano and Jigawa can contribute skills, share knowledge, or support local initiatives and earn crypto rewards directly. No banks, no gatekeepers.
Imagine:
A farmer posting crop prices in a DAO hub and earning $AITECH.
A youth trained with DAO Labs kits is becoming a local crypto educator.
Communities replacing fragile esusu boxes with secure digital cooperatives.
📊 Why It Matters
Global digital assets over inflation-heavy naira.
Empowered youth through education + earning.
Local economies strengthened by decentralized rails.
💡 Vision
With DAO Labs’ Social Mining, Nigeria’s underserved zones won’t just join the digital economy, they’ll own it.
🌟 Conclusion
Kano’s markets and Jigawa’s farmlands are not just underserved; they’re future hubs of decentralized wealth. DAO Labs can turn today’s financial deserts into tomorrow’s innovation oases.
Lighting up Nigeria with inclusion, opportunity, and community-powered growth.
#AITECH
📍 Case Study: Northern Nigeria (Kano & Jigawa)
Here, smartphone use is low, mobile banking often fails, and crypto wallets are barely known. People still rely on esusu (informal contribution groups) or borrowing by trust. Barriers like high internet costs, limited literacy, and mistrust in digital systems keep communities excluded.
🔎 Local voices:
“Network dey fail anytime we wan use POS.”
“Crypto? I hear say na only for Lagos boys.”
“We just use the contribution box for our market.”
The message is clear: digital finance hasn’t reached them.
✨ DAO Labs & #SocialMiningV2
@DAO Labs is creating a borderless financial culture where people own their growth. With Social Mining, communities in Kano and Jigawa can contribute skills, share knowledge, or support local initiatives and earn crypto rewards directly. No banks, no gatekeepers.
Imagine:
A farmer posting crop prices in a DAO hub and earning $AITECH.
A youth trained with DAO Labs kits is becoming a local crypto educator.
Communities replacing fragile esusu boxes with secure digital cooperatives.
📊 Why It Matters
Global digital assets over inflation-heavy naira.
Empowered youth through education + earning.
Local economies strengthened by decentralized rails.
💡 Vision
With DAO Labs’ Social Mining, Nigeria’s underserved zones won’t just join the digital economy, they’ll own it.
🌟 Conclusion
Kano’s markets and Jigawa’s farmlands are not just underserved; they’re future hubs of decentralized wealth. DAO Labs can turn today’s financial deserts into tomorrow’s innovation oases.
Lighting up Nigeria with inclusion, opportunity, and community-powered growth.
#AITECH
TRADE WITH EASE!💸
Start buying and selling cryptocurrencies in Nigeria with as little as 5USDT!
Enjoy seamless P2P trading with our secure and reliable platform.🤝
Terms and Conditions apply.
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#CryptoTrading #P2P #Nigeria #BuySellCrypto
Start buying and selling cryptocurrencies in Nigeria with as little as 5USDT!
Enjoy seamless P2P trading with our secure and reliable platform.🤝
Terms and Conditions apply.
Get started now and take control of your crypto journey..
DM now to get started.
#CryptoTrading #P2P #Nigeria #BuySellCrypto
Nigeria to launch $1.5 million initiative to boost AI development
Nigeria’s Minister of Communications, Innovation and Digital Economy, Bosun Tijani, has announced a $1.5 million initiative to boost the country’s Artificial Intelligence (AI) development.
The fund, backed by Luminate, a global organization, will be launched on October 7 in Abuja.
The move comes after the ministry launched a $61,780 AI Fund in partnership with Google, which was criticised as not doing enough to fuel the AI revolution.
The fund, backed by Luminate, a global organization, will be launched on October 7 in Abuja.
The move comes after the ministry launched a $61,780 AI Fund in partnership with Google, which was criticised as not doing enough to fuel the AI revolution.
2026 PREDICTIONS: WHY THE "TAX NARRATIVE" IS THE BIGGEST FINANCIAL OPPORTUNITY IN NIGERIA RIGHT NOW
The new tax laws are about to trigger a massive shift in the financial landscape. Here is a summary of what I’m expecting as a ripple effect of the new tax laws:
• THE WINNERS: Private accountants, tax lawyers, and "Tax KOLs" are about to see overnight wealth.
• TECH BOOM: Fintechs with tailor-made tax systems and AI-powered tax software will become the new market leaders.
• MARKET SHIFTS: The Nigerian Stock Market will explode via the "buy-borrow-die" concept, and we'll see rapid adoption of stablecoins and on-ramp tools.
• INFRASTRUCTURE: Financial infra will improve tremendously, though a "fintech fold-up" is coming once the initial euphoria settles.
• THE "DARK" SIDE: Tax evasion schemes will bank hard early on but crash due to internal greed. Public servant looting will peak between Q4 2026 and Q1 2027 ahead of the 2027 General Elections.
• VENTURE CAPITAL: Expect a VC explosion driven by problem-solving startups and "money laundering szn."
• GLOBAL INTEREST: High-profile acquisitions by Western companies looking for a slice of the Nigerian pie.
• REALITY CHECK: Cost of living will rise due to stricter VAT, and we’ll likely see high-profile hacks and tax-related legal prosecutions.
THE BOTTOM LINE: Those who position themselves ahead of the herd drive will win bigly as the Internet Capital Markets and stablecoin adoption will see a massive uptrend in the Nigerian market in 2026.
This prediction thesis is inspired by Moxie Markets. The onchain leverage layer for prediction markets powered by Polymarket.
#tax #InternetCapitalMarkets #crypto #Nigeria
The new tax laws are about to trigger a massive shift in the financial landscape. Here is a summary of what I’m expecting as a ripple effect of the new tax laws:
• THE WINNERS: Private accountants, tax lawyers, and "Tax KOLs" are about to see overnight wealth.
• TECH BOOM: Fintechs with tailor-made tax systems and AI-powered tax software will become the new market leaders.
• MARKET SHIFTS: The Nigerian Stock Market will explode via the "buy-borrow-die" concept, and we'll see rapid adoption of stablecoins and on-ramp tools.
• INFRASTRUCTURE: Financial infra will improve tremendously, though a "fintech fold-up" is coming once the initial euphoria settles.
• THE "DARK" SIDE: Tax evasion schemes will bank hard early on but crash due to internal greed. Public servant looting will peak between Q4 2026 and Q1 2027 ahead of the 2027 General Elections.
• VENTURE CAPITAL: Expect a VC explosion driven by problem-solving startups and "money laundering szn."
• GLOBAL INTEREST: High-profile acquisitions by Western companies looking for a slice of the Nigerian pie.
• REALITY CHECK: Cost of living will rise due to stricter VAT, and we’ll likely see high-profile hacks and tax-related legal prosecutions.
THE BOTTOM LINE: Those who position themselves ahead of the herd drive will win bigly as the Internet Capital Markets and stablecoin adoption will see a massive uptrend in the Nigerian market in 2026.
This prediction thesis is inspired by Moxie Markets. The onchain leverage layer for prediction markets powered by Polymarket.
#tax #InternetCapitalMarkets #crypto #Nigeria
THE TAXMAN COMETH: HOW INTERNET CAPITAL MARKETS WILL TURN NIGERIA’S NEW LAWS INTO A WEALTH NARRATIVE
While everyone is complaining about the new 2026 tax laws, a small group of Nigerians are quietly building the infrastructure to become overnight millionaires. Most people see a 'witch-hunt.' I see the birth of the Internet Capital Market. Here are my 2026 predictions and playbook to winning bigly while the herd panics.
The following are my predictions and thoughts for the new year as concerns the Nigerian economy. This year, a new niche in the finance sector will explode due to these tax laws.
Private accountants will feast; finance and tax lawyers will become overnight millionaires; KOLs for the tax sector will emerge; and fintechs that integrate tailor-made tax management systems will become new market leaders. Builders who dev localised AI-powered tax software will eat, law enforcement will become more financially literate, and more Naira will come into circulation.
Tax evasion enterprises will initially "make a bank," but most will eventually be witch-hunted and crash due to greed and fighting themselves. Cost of living will increase due to the stricter VAT tax, the Government IGR will multiply, and public servants will loot hardest by Q4 2026 – Q1 2027 ahead of leaving office. Banks and black market exchanges will see an uptrend in volume, tax consultants will blow up, and stablecoins will get rapidly adopted as more on-ramp/off-ramp tools are built.
The Nigerian stock market will explode due to the "buy-borrow-die" tax evasion concept. The Nigerian financial infrastructure will tremendously improve and explode, though a large number of fintech startups will fold after the euphoria. The Nigerian Venture Capital market will explode due to the large number of startups that'll solve problems and because it's money laundering szn soon.
A couple of big financial institutions will be hacked and some will be public knowledge; there'll be some high-profile, tax-related legal prosecutions; and blockchain projects with smooth onboarding rails accurately building for Nigerian/African markets will explode. There'll be some high-profile acquisitions by Western companies who want to take a bite of the pie, and the Government will intensify tax education campaigns.
THE ENGINE: INTERNET CAPITAL MARKETS (ICM)
To make the most from this paradigm shift, you must understand the Internet Capital Market (ICM). This is the "internetization" of finance. Much like how the internet turned newspapers into blogs and TV into YouTube, ICMs are turning traditional capital markets into internet-native, permissionless protocols. It is a system where the blockchain serves as a 24/7 global clearinghouse, allowing assets to move at the speed of light [1.2].
1. Capital Without Permission
In traditional markets, raising funds requires "Gatekeepers"—banks and regulators. In an ICM, the internet is the clearinghouse. Founders in Lagos can launch tokens or raise capital directly from a global audience, bypassing the tedious mandates of traditional IPOs and the restrictive access to credit in the local economy [1.3].
2. The Power of Programmable Money
Assets in an ICM are "smart." Rules for tax deductions and collateralization are coded into the asset itself. This enables the "Buy-Borrow-Die" strategy: instead of selling your assets and triggering a tax event, you use them as collateral on platforms like Jupiter Lend or Aave to borrow stablecoins. This allows you to access cash while technically staying "broke" on paper to defer taxes [7.3].
3. Global Liquidity, Local Impact
ICMs connect the local Nigerian economy to a global pool of liquidity. This borderless flow is the primary tool for escaping 30%+ annual Naira inflation and the 10% withholding tax on foreign currency interest-bearing accounts typically triggered when using traditional banks and fintechs [2.1].
HOW NIGERIANS WILL BE ONBOARDED
To bridge the gap between the local economy and the ICM, three pillars must be met:
—> Dirt-Cheap Fees: Ecosystems like Solana have brought costs down to less than ₦10 per transaction, making the blockchain affordable for everyday retail users [3.2].
—> Lightning Speed: Onboarding happens when the blockchain feels like OPay or Kuda. Atomic settlement ensures trades clear in seconds, not days.
—> Local Payment Rails:
▪︎ Azza & Pajcash: These have evolved into primary on-ramp/off-ramp tools, serving as crypto-to-cash payment rails that allow businesses to settle invoices in stablecoins and withdraw Naira instantly to local accounts.
▪︎ Bitget: Their new feature allows direct CEX-to-bank transfers, bridging the gap between on-chain wealth and real-world spending [6.1].
ECOSYSTEMS LEADING THE ICM CHARGE
▪︎ Solana (The Retail Hub): @Solana Official Focused on high-throughput and consumer applications. Superteam Nigeria acts as the talent and onboarding catalyst, while Jupiter @Jupiter 🪐 serves as the full financial suite for seamless swaps, yields, and high-level trading [4.1].
▪︎ Base (The Professional Bridge): An Ethereum @Ethereum Layer 2 focused on security and institutional integration. Its Smart Wallets (utilizing biometrics and social login) are the entry point for non-tech professionals, allowing them to sign up without seed phrase stress [7.3].
▪︎ TRON (The Remittance King): @TRON DAO A high-speed network optimized for value transfer. Its TRC-20 USDT is the backbone of Nigerian street-level transfers and cross-border trade, supported by Yellow Card and Quidax [4.1, 6.2].
HOW ONBOARDING WILL BE ACHIEVED
☆ Abstraction (Invisible Blockchain): Users won't manage seed phrases. They will use apps that look like standard finance tools while the blockchain runs quietly in the background [7.3].
☆ P2P 2.0: As tax laws tighten, onboarding moves toward decentralized marketplaces and "stablecoin vouchers" to stay under the regulatory radar of traditional banks.
☆ The "Tax-Tech" Trojan Horse: Builders will create AI-powered tax software. To unlock features, businesses will pay a small fee in stablecoins, forcing wallet adoption as a business necessity.
LOCAL INNOVATION & HARD FACTS
Nigerian builders are constructing the plumbing for the new economy:
▪︎ NectarFi: Pioneering decentralized yield and liquidity management.
▪︎ Airbillspay: Integrating ICM utility into daily bills and utilities [4.1].
▪︎ Hyperbridge: Solving interoperability across chains, ensuring capital can seamlessly flow across all chains [5.1].
The Data: Nigeria received $59.1 Billion in on-chain value in 2025 alone [2.1]. Over 65% of this activity is in stablecoins, proving it's a tool for capital preservation, not just speculation [5.1, 6.2].
THE 2026 CRYPTO TAX REALITY (FIRS CLAUSE)
The Nigeria Tax Act 2025 and the Investments and Securities Act (ISA) 2025 have redefined the rules for the digital economy and here's how it affects Crypto Bros:
—> Personal Income Tax: Profits from digital asset transactions are now "chargeable gains" taxed up to 25% for individuals [2.1].
—> VAT on Assets: Digital assets are classified as "services," adding a 7.5% charge to transactions [2.2].
—> VASP Reporting: Exchanges and wallets (VASPs) are mandated to report transaction values and user details to the FIRS or face ₦10M+ penalties [2.1].
—> Loss Offsetting: Losses can only be deducted against gains from digital assets; they cannot offset your other income [2.2].
HOW YOU CAN BENEFIT
1. The Blockchain Newbie
The Play: Stop chasing "pump and dump" coins or attempting to "tap your screen" to riches through endless airdrop bots.
▪︎ The Strategy: Use the ICM as a Digital Dollar Savings Account. Hold USDT or USDC on decentralized yield platforms like NectarFi or Jupiter's JLP.
▪︎ The Win: You earn 5–15% annual yield in dollars while escaping 30%+ annual Naira inflation and the 10% withholding tax on foreign currency when using traditional banks and fintechs.
2. The OG Power User
The Play: Move from "trader" to "system builder."
▪︎ The Strategy: Use DeFi lending (Aave or Jupiter Lend) to collateralize your SOL or BTC. Instead of selling and paying a 25% tax, borrow USDC against your assets [7.1, 7.3].
▪︎ The Win: You maintain asset upside, stay liquid, and legally defer taxable events.
The 2026 "Zero-to-Hero" Playbook (Starting with ₦0)
If you have zero capital, your only asset is Proof of Work. Here are 5 ways you can earn in 2026 in the Web3 space:
1. The Bounty Hunter (Earn in USDC): Join Superteam Earn @superteamdao . Use your skills (writing, graphics, or code) to complete bounties paying $50 to $1,000+. This is your seed capital [4.1].
2. Learn & Earn Platforms: Use platforms like Binance Academy, Coinbase Earn, and CoinMarketCap @CoinMarketCap . They pay you in crypto just to watch educational modules and pass quizzes [1.1, 1.3].
3. Social Monetization: Join platforms like Farcaster, Baseapp, Zora, Binance Square, and Twitter. Build an audience and get monetized by explaining the "Tax Narrative." and other blockchain and finance concepts.
4. The Knowledge-Capital Collab: Lend your knowledge and expertise in your field to a friend who has liquidity to participate in narratives like prediction markets and split the rewards.
5. Referral Arbitrage: Use the referral programs of tools like Azza or Bitget. Refer business owners who need inflation hedging; their fees become your passive income.
GLOSSARY OF TERMS
• Account Abstraction: A technology that simplifies the user experience by turning wallets into programmable accounts, enabling biometrics and social login without a seed phrase.
• Atomic Settlement: The instant and simultaneous transfer of assets and payment, ensuring no party is left unpaid during a trade.
• Buy-Borrow-Die: A wealth management strategy where an investor borrows against their assets for liquidity instead of selling them, thereby deferring capital gains tax.
• CEX (Centralized Exchange): A platform like Bitget or Quidax that acts as a middleman for buying and selling crypto.
• Interoperability: The ability of different blockchain networks to communicate and transfer value seamlessly between each other.
• P2P (Peer-to-Peer): Direct transactions between two individuals without a central intermediary.
• Smart Wallet: A crypto wallet controlled by code rather than just a private key, allowing for advanced security and easier onboarding.
• VASP (Virtual Asset Service Provider): Any entity that provides commercial services related to digital assets, such as exchanges and custodians.
CITATIONS & REFERENCES
* [1.1] Top Cryptocurrency Learning Platforms for 2025 – Binance Academy (2025).
* [1.2] What Are Internet Capital Markets (ICM)? – OSL Academy (2025).
* [1.3] The Impact of Decentralized Capital Markets – CoinLedger (2025).
* [2.1] Nigeria set to tax individual crypto transactions in 2026 – Mariblock (2025).
* [2.2] Nigeria Tax Act 2025: A Guide to Digital Asset Taxation – Regcompass (2025).
* [3.2] Solana Transaction Fee Data – Solana Compass (2025).
* [4.1] Superteam Nigeria: Onboarding the Next Million Builders – Medium (2025).
* [5.1] Nigerian blockchain startups and interoperability – Mariblock (2025).
* [6.1] Bitget Wallet Launches Bank Transfer in Nigeria – Fintech Finance (2025).
* [7.3] The 'Buy, Borrow, Die' Strategy for On-Chain Assets – OKX Learn (2025).
This year, those who will win bigly from the "tax" narrative are those who will position themselves properly to profit from the herd drive.
Last but not least: 2026 is the year I win bigly!
This new year thesis was inspired by Moxie Markets; The onchain leverage layer for prediction markets powered by Polymarket.
#tax #cryptotax #Nigeria #InternetCapitalMarkets #Finance
The following are my predictions and thoughts for the new year as concerns the Nigerian economy. This year, a new niche in the finance sector will explode due to these tax laws.
Private accountants will feast; finance and tax lawyers will become overnight millionaires; KOLs for the tax sector will emerge; and fintechs that integrate tailor-made tax management systems will become new market leaders. Builders who dev localised AI-powered tax software will eat, law enforcement will become more financially literate, and more Naira will come into circulation.
Tax evasion enterprises will initially "make a bank," but most will eventually be witch-hunted and crash due to greed and fighting themselves. Cost of living will increase due to the stricter VAT tax, the Government IGR will multiply, and public servants will loot hardest by Q4 2026 – Q1 2027 ahead of leaving office. Banks and black market exchanges will see an uptrend in volume, tax consultants will blow up, and stablecoins will get rapidly adopted as more on-ramp/off-ramp tools are built.
The Nigerian stock market will explode due to the "buy-borrow-die" tax evasion concept. The Nigerian financial infrastructure will tremendously improve and explode, though a large number of fintech startups will fold after the euphoria. The Nigerian Venture Capital market will explode due to the large number of startups that'll solve problems and because it's money laundering szn soon.
A couple of big financial institutions will be hacked and some will be public knowledge; there'll be some high-profile, tax-related legal prosecutions; and blockchain projects with smooth onboarding rails accurately building for Nigerian/African markets will explode. There'll be some high-profile acquisitions by Western companies who want to take a bite of the pie, and the Government will intensify tax education campaigns.
THE ENGINE: INTERNET CAPITAL MARKETS (ICM)
To make the most from this paradigm shift, you must understand the Internet Capital Market (ICM). This is the "internetization" of finance. Much like how the internet turned newspapers into blogs and TV into YouTube, ICMs are turning traditional capital markets into internet-native, permissionless protocols. It is a system where the blockchain serves as a 24/7 global clearinghouse, allowing assets to move at the speed of light [1.2].
1. Capital Without Permission
In traditional markets, raising funds requires "Gatekeepers"—banks and regulators. In an ICM, the internet is the clearinghouse. Founders in Lagos can launch tokens or raise capital directly from a global audience, bypassing the tedious mandates of traditional IPOs and the restrictive access to credit in the local economy [1.3].
2. The Power of Programmable Money
Assets in an ICM are "smart." Rules for tax deductions and collateralization are coded into the asset itself. This enables the "Buy-Borrow-Die" strategy: instead of selling your assets and triggering a tax event, you use them as collateral on platforms like Jupiter Lend or Aave to borrow stablecoins. This allows you to access cash while technically staying "broke" on paper to defer taxes [7.3].
3. Global Liquidity, Local Impact
ICMs connect the local Nigerian economy to a global pool of liquidity. This borderless flow is the primary tool for escaping 30%+ annual Naira inflation and the 10% withholding tax on foreign currency interest-bearing accounts typically triggered when using traditional banks and fintechs [2.1].
HOW NIGERIANS WILL BE ONBOARDED
To bridge the gap between the local economy and the ICM, three pillars must be met:
—> Dirt-Cheap Fees: Ecosystems like Solana have brought costs down to less than ₦10 per transaction, making the blockchain affordable for everyday retail users [3.2].
—> Lightning Speed: Onboarding happens when the blockchain feels like OPay or Kuda. Atomic settlement ensures trades clear in seconds, not days.
—> Local Payment Rails:
▪︎ Azza & Pajcash: These have evolved into primary on-ramp/off-ramp tools, serving as crypto-to-cash payment rails that allow businesses to settle invoices in stablecoins and withdraw Naira instantly to local accounts.
▪︎ Bitget: Their new feature allows direct CEX-to-bank transfers, bridging the gap between on-chain wealth and real-world spending [6.1].
ECOSYSTEMS LEADING THE ICM CHARGE
▪︎ Solana (The Retail Hub): @Solana Official Focused on high-throughput and consumer applications. Superteam Nigeria acts as the talent and onboarding catalyst, while Jupiter @Jupiter 🪐 serves as the full financial suite for seamless swaps, yields, and high-level trading [4.1].
▪︎ Base (The Professional Bridge): An Ethereum @Ethereum Layer 2 focused on security and institutional integration. Its Smart Wallets (utilizing biometrics and social login) are the entry point for non-tech professionals, allowing them to sign up without seed phrase stress [7.3].
▪︎ TRON (The Remittance King): @TRON DAO A high-speed network optimized for value transfer. Its TRC-20 USDT is the backbone of Nigerian street-level transfers and cross-border trade, supported by Yellow Card and Quidax [4.1, 6.2].
HOW ONBOARDING WILL BE ACHIEVED
☆ Abstraction (Invisible Blockchain): Users won't manage seed phrases. They will use apps that look like standard finance tools while the blockchain runs quietly in the background [7.3].
☆ P2P 2.0: As tax laws tighten, onboarding moves toward decentralized marketplaces and "stablecoin vouchers" to stay under the regulatory radar of traditional banks.
☆ The "Tax-Tech" Trojan Horse: Builders will create AI-powered tax software. To unlock features, businesses will pay a small fee in stablecoins, forcing wallet adoption as a business necessity.
LOCAL INNOVATION & HARD FACTS
Nigerian builders are constructing the plumbing for the new economy:
▪︎ NectarFi: Pioneering decentralized yield and liquidity management.
▪︎ Airbillspay: Integrating ICM utility into daily bills and utilities [4.1].
▪︎ Hyperbridge: Solving interoperability across chains, ensuring capital can seamlessly flow across all chains [5.1].
The Data: Nigeria received $59.1 Billion in on-chain value in 2025 alone [2.1]. Over 65% of this activity is in stablecoins, proving it's a tool for capital preservation, not just speculation [5.1, 6.2].
THE 2026 CRYPTO TAX REALITY (FIRS CLAUSE)
The Nigeria Tax Act 2025 and the Investments and Securities Act (ISA) 2025 have redefined the rules for the digital economy and here's how it affects Crypto Bros:
—> Personal Income Tax: Profits from digital asset transactions are now "chargeable gains" taxed up to 25% for individuals [2.1].
—> VAT on Assets: Digital assets are classified as "services," adding a 7.5% charge to transactions [2.2].
—> VASP Reporting: Exchanges and wallets (VASPs) are mandated to report transaction values and user details to the FIRS or face ₦10M+ penalties [2.1].
—> Loss Offsetting: Losses can only be deducted against gains from digital assets; they cannot offset your other income [2.2].
HOW YOU CAN BENEFIT
1. The Blockchain Newbie
The Play: Stop chasing "pump and dump" coins or attempting to "tap your screen" to riches through endless airdrop bots.
▪︎ The Strategy: Use the ICM as a Digital Dollar Savings Account. Hold USDT or USDC on decentralized yield platforms like NectarFi or Jupiter's JLP.
▪︎ The Win: You earn 5–15% annual yield in dollars while escaping 30%+ annual Naira inflation and the 10% withholding tax on foreign currency when using traditional banks and fintechs.
2. The OG Power User
The Play: Move from "trader" to "system builder."
▪︎ The Strategy: Use DeFi lending (Aave or Jupiter Lend) to collateralize your SOL or BTC. Instead of selling and paying a 25% tax, borrow USDC against your assets [7.1, 7.3].
▪︎ The Win: You maintain asset upside, stay liquid, and legally defer taxable events.
The 2026 "Zero-to-Hero" Playbook (Starting with ₦0)
If you have zero capital, your only asset is Proof of Work. Here are 5 ways you can earn in 2026 in the Web3 space:
1. The Bounty Hunter (Earn in USDC): Join Superteam Earn @superteamdao . Use your skills (writing, graphics, or code) to complete bounties paying $50 to $1,000+. This is your seed capital [4.1].
2. Learn & Earn Platforms: Use platforms like Binance Academy, Coinbase Earn, and CoinMarketCap @CoinMarketCap . They pay you in crypto just to watch educational modules and pass quizzes [1.1, 1.3].
3. Social Monetization: Join platforms like Farcaster, Baseapp, Zora, Binance Square, and Twitter. Build an audience and get monetized by explaining the "Tax Narrative." and other blockchain and finance concepts.
4. The Knowledge-Capital Collab: Lend your knowledge and expertise in your field to a friend who has liquidity to participate in narratives like prediction markets and split the rewards.
5. Referral Arbitrage: Use the referral programs of tools like Azza or Bitget. Refer business owners who need inflation hedging; their fees become your passive income.
GLOSSARY OF TERMS
• Account Abstraction: A technology that simplifies the user experience by turning wallets into programmable accounts, enabling biometrics and social login without a seed phrase.
• Atomic Settlement: The instant and simultaneous transfer of assets and payment, ensuring no party is left unpaid during a trade.
• Buy-Borrow-Die: A wealth management strategy where an investor borrows against their assets for liquidity instead of selling them, thereby deferring capital gains tax.
• CEX (Centralized Exchange): A platform like Bitget or Quidax that acts as a middleman for buying and selling crypto.
• Interoperability: The ability of different blockchain networks to communicate and transfer value seamlessly between each other.
• P2P (Peer-to-Peer): Direct transactions between two individuals without a central intermediary.
• Smart Wallet: A crypto wallet controlled by code rather than just a private key, allowing for advanced security and easier onboarding.
• VASP (Virtual Asset Service Provider): Any entity that provides commercial services related to digital assets, such as exchanges and custodians.
CITATIONS & REFERENCES
* [1.1] Top Cryptocurrency Learning Platforms for 2025 – Binance Academy (2025).
* [1.2] What Are Internet Capital Markets (ICM)? – OSL Academy (2025).
* [1.3] The Impact of Decentralized Capital Markets – CoinLedger (2025).
* [2.1] Nigeria set to tax individual crypto transactions in 2026 – Mariblock (2025).
* [2.2] Nigeria Tax Act 2025: A Guide to Digital Asset Taxation – Regcompass (2025).
* [3.2] Solana Transaction Fee Data – Solana Compass (2025).
* [4.1] Superteam Nigeria: Onboarding the Next Million Builders – Medium (2025).
* [5.1] Nigerian blockchain startups and interoperability – Mariblock (2025).
* [6.1] Bitget Wallet Launches Bank Transfer in Nigeria – Fintech Finance (2025).
* [7.3] The 'Buy, Borrow, Die' Strategy for On-Chain Assets – OKX Learn (2025).
This year, those who will win bigly from the "tax" narrative are those who will position themselves properly to profit from the herd drive.
Last but not least: 2026 is the year I win bigly!
This new year thesis was inspired by Moxie Markets; The onchain leverage layer for prediction markets powered by Polymarket.
#tax #cryptotax #Nigeria #InternetCapitalMarkets #Finance
NIGERIA JUST DROPPED A BOMBSHELL ON CRYPTO!
This is NOT a drill. Nigeria is now MANDATING real-world identity for ALL crypto transactions. Tax ID numbers (TIN) and National ID numbers (NIN) are being integrated. Every trade will be traceable. Virtual Asset Service Providers MUST report customer data and transaction details. This is a seismic shift. The era of anonymous crypto is OVER in Nigeria. Get ready for a new level of regulatory oversight. The government is serious. Compliance is now non-negotiable.
Disclaimer: This is not financial advice.
#CryptoRegulation #Nigeria #Blockchain #CryptoNews 🇳🇬
This is NOT a drill. Nigeria is now MANDATING real-world identity for ALL crypto transactions. Tax ID numbers (TIN) and National ID numbers (NIN) are being integrated. Every trade will be traceable. Virtual Asset Service Providers MUST report customer data and transaction details. This is a seismic shift. The era of anonymous crypto is OVER in Nigeria. Get ready for a new level of regulatory oversight. The government is serious. Compliance is now non-negotiable.
Disclaimer: This is not financial advice.
#CryptoRegulation #Nigeria #Blockchain #CryptoNews 🇳🇬
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