Web3 & Crypto
Blockchain infrastructure, crypto exchanges, stablecoins, digital assets, and decentralised applications shaping Africa's next internet economy. We cover regulation, adoption, builders, and investment across the continent's fast-evolving Web3 ecosystem.

Everything you need to know about the new NRS crypto tax guidelines in Nigeria
The NRS has introduced Nigeria鈥檚 most comprehensive crypto tax framework yet, requiring Tax IDs for crypto account activation, imposing 1.5% stamp duty on token-fiat transactions, and applying a 30% income tax rate to qualifying companies.

Luno to cut 20% of global workforce in major restructuring drive
Luno says automation and operational efficiencies have reduced the resources needed to run its business, leading to a global restructuring that will affect about 20% of employees.

Tinubu signs executive order to unify crypto regulation, establishes Virtual Asset Council
With Nigerians conducting more than $59 billion in cryptocurrency transactions within a year, the Federal Government has introduced a unified regulatory framework designed to curb financial crimes while supporting responsible innovation in the digital asset industry.

Flutterwave raises undisclosed sum from Circle Ventures to expand USDC payments聽
Stablecoin transaction volume reached a record $1.79 trillion in June, highlighting the growing demand for faster cross-border payments. Flutterwave is betting that momentum will continue, securing an investment from Circle Ventures to expand USDC payments across Africa.

Seven crypto companies receive SEC approval-in-principle to operate in Nigeria
The SEC’s latest approvals mark another milestone in Nigeria’s evolving approach to cryptocurrency regulation as adoption expands beyond investing into payments and remittances.

Why fraud and payment barriers are limiting the real use of crypto in Nigeria
From P2P scams to disappearing online vendors, Nigerians navigating the crypto ecosystem face enormous risks. Yet for many freelancers and entrepreneurs, digital assets remain the easiest way to move money across borders.
