Crypto-to-naira payout platform Breedjr has announced that it has surpassed $4 million in total payouts since its launch in 2025, alongside the rollout of an upgraded settlement system designed to deliver faster transactions and improved rate transparency.

The latest update targets a rapidly expanding user base including crypto traders, freelancers, and frequent converters who depend on seamless conversion of digital assets into naira. With the new features, users can generate a receiving wallet address directly within the app, preview exchange rates before initiating transactions, transfer funds from any crypto exchange, and receive naira in their Nigerian bank accounts in under 60 seconds.

According to the company, the upgrade enhances both speed and clarity, particularly for users handling high-volume transactions. Settlement times have been optimized across supported assets such as USDT, USDC, and Bitcoin. Additionally, users now receive confirmed exchange rates before completing transfers, eliminating uncertainty during the conversion process.

Speaking on the development, Breedjr CEO Ikenna Eneje emphasized the importance of reliability in crypto payouts.
“For many active crypto users, the challenge is not receiving digital assets—it’s being able to convert them into naira quickly and with confidence, especially at higher volumes. What we are building goes beyond speed. It’s about creating a payout experience users can trust when transaction size truly matters,” he said.

The milestone reflects a strategic shift in Breedjr’s positioning within Nigeria’s growing crypto-to-naira ecosystem. The company noted that its growth has been largely driven by high-frequency users generating significant transaction volumes, a segment it is now prioritizing.

Nigeria continues to rank among the top countries globally in crypto adoption and transaction volume in 2026, with peer-to-peer trading remaining a dominant channel. Stablecoins like USDT and USDC have become essential tools for users seeking protection against naira volatility and for receiving cross-border payments.

Meanwhile, the regulatory landscape has evolved following the enactment of the Investments and Securities Act 2025, which places virtual asset service providers under the supervision of the Securities and Exchange Commission. The law introduces stricter compliance requirements aimed at improving transparency and stability within the sector.

Breedjr’s mobile application is currently available on Android and iOS platforms, offering users a streamlined and secure interface for converting crypto assets into naira with speed and efficiency.

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The Central Bank of Nigeria (CBN) has announced sweeping new rules governing the Bank Verification Number (BVN) system, set to take effect from May 1, in a move aimed at strengthening financial security and curbing rising fraud across digital banking channels.

The new guidelines will significantly impact how millions of Nigerians access mobile banking services, particularly in areas such as device usage, identity verification, and account protection.

According to the apex bank, the updated BVN framework is designed to address vulnerabilities exploited by fraudsters, especially through SIM swaps and unauthorized access to customer accounts.

Key Changes Nigerians Should Know

1. One Device Per Banking App
Customers will now be restricted to using their mobile banking app on only one device at a time, reducing the risk of unauthorized access.

2. Automatic Logout on New Device Login
When a user logs in on a new phone, the previous device will be automatically logged out, ensuring tighter account control.

3. Extra Verification for Device Switching
Switching devices will trigger additional authentication steps, adding another layer of security.

4. 24-Hour Fraud Watchlist
BVNs flagged for suspicious activity will be placed on a 24-hour watchlist, during which transactions may be monitored or restricted.

5. Temporary Account Freezes
Banks will have the authority to temporarily freeze accounts while investigating unusual or potentially fraudulent transactions.

6. One-Time Phone Number Change Rule
Customers will only be allowed to change the phone number linked to their BVN once in a lifetime, a move targeted at reducing identity manipulation.

7. Crackdown on SIM-Swap Fraud
The new policy specifically targets SIM-swap-related fraud, a growing concern in Nigeria’s banking sector.

8. Minimum Age for BVN Registration Set at 18
Only individuals aged 18 and above will be eligible to enrol for a BVN, while minors must operate accounts under parental or guardian supervision.

9. ₦20,000 Transaction Limit on New Devices
Customers activating mobile banking on a new device will face a transaction cap of ₦20,000 within the first 24 hours.

10. Stronger Fraud Prevention Measures
The CBN says all measures collectively aim to boost trust in Nigeria’s digital banking ecosystem and protect users from financial losses.

Financial analysts say the new rules could reshape user experience in mobile banking, forcing customers to adopt stricter security habits. While the measures may introduce minor inconveniences, they are widely seen as necessary to safeguard deposits and restore confidence in electronic transactions.

Banks across Nigeria are expected to begin immediate implementation, with customers advised to update their details and familiarize themselves with the changes ahead of the May 1 rollout.

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RHUCE, a new social platform designed for African creatives, has officially launched today, introducing a new model for how creators across the continent can turn their skills, learning, and content into income. 

As Africa’s creator economy, estimated at over $3 billion, continues to grow, millions of young people are building digital skills but struggle to convert them into sustainable opportunities. RHUCE aims to bridge this gap by combining professional identity, creator monetisation, and opportunity discovery in a single ecosystem. 

“Across Africa, talent is everywhere, but opportunity is fragmented,” said Simeon Ifeoluwa Adeyanju, CEO of RHUCE Limited. “Creators are learning, building, and sharing their work, but they lack a structured way to turn that into visibility, credibility, and income.” 

READ ALSO: Truecaller Expands Business Chat Platform to Global Partners, Targets Enterprise Growth

Unlike traditional platforms that prioritise virality or finished work, RHUCE enables users to document their growth in real time, transforming their learning journey into a living portfolio. 

“We believe your journey is your greatest asset,” Adeyanju said. “On RHUCE, your growth becomes your portfolio, your consistency builds your credibility, and opportunities can discover you based on what you’re becoming, not just what you’ve done.” 

The platform introduces a shift from application-based hiring to discovery-driven opportunities, where creators are matched with jobs, gigs, and collaborations based on their evolving skills and documented progress. 

“Instead of chasing opportunities across WhatsApp groups, DMs, and multiple platforms, we’ve built a system where you can post once and be discovered continuously,” he added. 

RHUCE also provides monetisation tools that allow creators to earn through digital products, paid learning content, and brand-sponsored campaigns, unlocking new income streams within Africa’s fast-growing digital economy. 

With over 60% of Africa’s population under 25, the platform positions itself as infrastructure for the continent’s next generation of talent. 

“RHUCE is not just a platform for finished professionals,” Adeyanju said. “It is for people becoming something. Our goal is simple: help Africans turn learning into opportunity, and opportunity into income.” 

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Aspiring bloggers and digital entrepreneurs will have the opportunity to kickstart their online journey as registration opens for the 2025 Bloggers Bootcamp, scheduled to begin on December 1, 2025.

The intensive training program is designed to equip participants with practical skills needed to build, grow, and monetize a successful blog. Key areas of focus include:

• Strategic Content Creation & Niche Selection
• Creating and Designing a Blog/Website
• Basic Search Engine Optimization (SEO)
• Monetization Strategies, including Google AdSense

The bootcamp will hold physically in Abuja and Jos, with a virtual option available for participants across the country and beyond.

Interested individuals can register via HERE

WhatsApp message to +234 08060877989.

Paystack has suspended its co-founder and Chief Technology Officer, Ezra Olubi, following serious allegations of sexual misconduct and abuse raised by his former partner, Max Obae.

The suspension, announced on November 14, 2025, comes amid growing scrutiny of conduct and power dynamics within Nigeria’s tech ecosystem.

Obae accused Olubi of manipulative, coercive, and emotionally abusive behaviour during their relationship, alleging that this extended into the workplace, where Olubi reportedly mistreated subordinates. The claims sparked wide public outrage, amplified by the resurfacing of decade-old posts from Olubi’s X (formerly Twitter) account containing explicit references to bestiality and pedophilia.

In a public statement, Paystack confirmed that Olubi had been immediately suspended pending the outcome of a formal internal investigation. The company reiterated its commitment to maintaining a safe and respectful environment for employees, customers, and partners.

The allegations have reignited broader conversations around accountability, workplace ethics, and abuse of power in the Nigerian tech scene an industry long praised for innovation but increasingly challenged to confront issues of misconduct within its ranks.

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