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Nigeria Civil Aviation Authority integrates blockchain
Homepage > News > Business > Nigeria Civil Aviation Authority integrates blockchain The Nigeria Civil Aviation Authority (NCAA) has deployed blockchain technology to boost efficiency, reduce flight disruptions and enhance transparency. At a recent event, NCAA Public Affairs Director Michael Achimugu revealed that the Authority has been on a digitalization drive. Blockchain has emerged as one of the transformative technologies that can improve Nigeria’s aviation sector, which directly contributed $1.7 billion to the country’s GDP and employed over 240,000 people last year. Achimugu stated the blockchain portal allows “comfort to stranded or dissatisfied passengers” and “factors in the interest of...
Nigeria restarts $35M money laundering case against Binance
Homepage > News > Business > Nigeria restarts $35M money laundering case against Binance Nigeria’s financial crimes watchdog has amended its lawsuit against Binance and one of its executives, accusing the exchange of laundering over $35 million. The Economic and Financial Crimes Commission (EFCC) submitted the amended lawsuit to Justice Emeka Nwite of the Federal High Court in Abuja this week, local outlets report. It alleges that Binance and its fugitive regional manager, Nadeem Anjarwalla, concealed $35.4 million generated by the exchange from its Nigerian operations despite knowing that the money was the proceeds of unlawful activity. The EFCC’s legal...
Cambodia crackdown locks out 16 crypto exchanges
Michael Saylor said Bitcoin represents the “greatest digital transformation of the 21st century” Saylor believes it “makes sense” for Microsoft to buy and hold Bitcoin rather than buy stock back or hold bonds Over the past five years, Saylor said that Microsoft has surrendered hundreds of billions of dollars of capital Michael Saylor has told Microsoft that Bitcoin is the best asset a company should own, claiming it represents the “greatest digital transformation of the 21st century.” Taking to X, Saylor, CEO of MicroStrategy, posted a three-minute video tagging Satya Nadella, Microsoft’s chair and CEO, and its board of directors....
