Crypto Market Analyst on Channels TV. Co-founder @ Decentralized Nigeria. Helping Africa navigate digital assets, policy & adoption.
Lagos, Nigeria
Joined August 2014
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Thecryptopreacher. retweeted
Are Nigeria’s new stablecoin regulations protecting the market or making it too expensive for local innovators?
Rume Ophi (@RumeOphi) welcomes the CBN’s move towards stronger oversight and local accountability.
But Busha’s Laolu (@samuel_biyi) argues that fully reserved stablecoin issuers have a different risk profile from banks and should not face disproportionate capital requirements.
Two perspectives. One major question: How does Nigeria protect consumers without stifling indigenous stablecoin innovation?
Our full breakdown: coinafrica.co/cbn-stablecoin…
#Stablecoins #Busha #NigeriaCrypto
A lot of young Nigerians are uninformed but want their silly opinion out there on social media.
Crypto is not ban by the CBN and it has nothing to do with you trading.
Nigeria just told Tether and Circle: come home, or go home.
The CBN released its stablecoin rules on Thursday.
Here is what matters:
→ Dollar stablecoin issuers need a Nigerian company + ₦15bn capital
→ Naira stablecoin issuers need ₦10bn
→ Wallets, custody, conversion, P2P: ₦1bn, on top of SEC capital
→ 1:1 reserves. Redemption by the next business day. No yield.
→ Algorithmic stablecoins are banned
→ No offshore exemption. A foreign licence won't be enough.
Existing operators get 180 days to apply once the rules take effect.
Register within 30 days. Report within 60.
Miss the deadline, and you stop operating.
This is a door opening, not closing.
One of Africa's largest crypto markets now has a rulebook.
But here's the question nobody is asking:
No crypto exchange in Nigeria holds a full SEC @SECNigeria licence today.
So will we have licensed stablecoin issuers…
with no fully licensed exchanges to distribute them?
The rules allow CBN-licensed distributors.
The gap is timing.
Whoever secures CBN + SEC approval first controls the market.
If you're a platform eyeing Nigeria, the 180-day window is your entry plan.
Let's talk.
Source: CBN Regulations (Nov 5th 2026)
Bloodbath as Magnificent 7 stocks saw red as Democrats won control of House and Senate in the US.
Meta $META: -3.13%
Tesla $TSLA: -8.89%
Apple $AAPL: -0.73%
Nvidia $NVDA: -6.50%
Amazon $AMZN: -2.24%
Google $GOOGL: -1.44%
Microsoft $MSFT: -2.19%
Over $2.3 trillion has been wiped out of the US stock market today.
$40 million crypto hack, not again.
Brazil's largest and oldest Mercado Bitcoin (MB) exchange got hacked.
A total of $40 million (about R$215–217 million) in suspicious outflows was reported.
The news was confirmed by CNN Brazil on 2 November.
According to the UN, 113.3 million Nigerians, almost half our population, are living in multidimensional poverty.
Even worse, 17.9 million more people joined them between 2021 and 2024.
Imagine how many families are struggling just to survive.
How did life become this difficult?
There's a huge difference between Pleasure and Happiness but you all have been rigged to believe they are same.
What everyone thinks and what I feel about the @binance.
Indeed to whom much is given much is required.
The Biggest exchange platform is experiencing A.I based vulnerability and it has cost them $6.3B.
It could have happen to anyone.
Dear God, its been raining on the island since last night, please i want to remind you that you promise not to destroy the world with water again ooh.
Some of you have followed me for years.
Some just discovered me today.
But have we actually met?
Tell me three things in the comments:
What do you do?
What are you working on?
What would you love to learn from this community?
Let's make X more than a place where we exchange likes.
I'd love to know who's here.