From Cointelegraph

March 21, 2025 3:40:00 pm:

The Nigerian government remains open to crypto businesses despite the Binance lawsuit and detention of an executive. Nigeria filed an $81.5 billion lawsuit against Binance, alleging the exchange crashed the naira. The country’s M2 money supply has been rapidly increasing. Regulations are tightening for crypto marketing and advertising, with plans to tax crypto transactions for revenue generation. Despite being second globally in crypto adoption, taxing transactions may not yield desired revenue due to a robust OTC market. Importers use crypto to evade currency volatility, making it difficult to track and tax transactions.

Read more at CoinTelegraph: Nigeria still open to crypto business despite rocky past: Report