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Crypto Exchange MEXC Rolls Out P2P Support for Naira, Birr, and Rupee

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In a strategic move to deepen its presence in emerging economies, global cryptocurrency exchange MEXC has launched peer-to-peer (P2P) trading support for three new fiat currencies — the Nigerian Naira (NGN), Ethiopian Birr (ETB), and Pakistani Rupee (PKR). This expansion reflects the company’s increasing focus on localising crypto access in high-growth, underbanked regions.

The addition of NGN, ETB, and PKR to MEXC’s P2P platform enables users in Nigeria, Ethiopia, and Pakistan to trade major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC) directly with their local currencies.

The trades come with zero transaction fees, in line with MEXC’s strategy to lower entry barriers for users and encourage grassroots participation in the digital asset economy.

The update is more than a technical expansion — it underscores MEXC’s recognition of Africa and South Asia as rising crypto frontiers. Nigeria, often cited as one of the world’s fastest-growing crypto markets, and Ethiopia, where digital finance is beginning to surge amid reforms, represent key territories for crypto adoption. Similarly, Pakistan’s growing youth population and fintech appetite offer strong potential for crypto-enabled financial inclusion.

To support the rollout, MEXC is actively onboarding new merchants to its P2P platform. Merchants benefit from zero transaction fees, dedicated customer support, a special verification badge, and invitations to exclusive community events. The goal is to nurture a local network of verified sellers and buyers who can facilitate seamless and trusted crypto trades.

P2P trading — which allows users to transact directly without third-party intermediaries — is especially relevant in markets where banking infrastructure is either insufficient or heavily regulated. By bypassing traditional systems, P2P provides a lifeline for users seeking stablecoins, alternative stores of value, or more flexible remittance solutions.

This latest expansion signals MEXC’s intent to compete aggressively for market share in underserved territories while enabling more users to access and benefit from Web3 technologies. As global exchanges race to localise their services, MEXC’s early moves into fiat integration may prove pivotal in shaping the next wave of crypto adoption across the Global South.


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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Anambra ICT Agency Celebrates GOVTECH Awards, Applauds Soludo’s Digital Vision

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Chukwuemeka Fred Agbata, CFA, md/ceo of the Anambra State ICT Agency, has extolled Governor Charles Chukwuma Soludo, CFR, for his unwavering commitment to technology adoption in Anambra State, a vision that has positioned the state as a shining example of digital governance in Nigeria.

This recognition follows Anambra’s outstanding performance at the Nigeria GOVTECH Gala & Awards 2025, where the state clinched two prestigious honours at the Presidential Banquet Hall, Abuja.

The Anambra State Ministry of Budget and Economic Planning emerged as Best State MDA in Technology-Driven Governance, while the Anambra State Bureau of Public Procurement received the Excellence in Digital Public Procurement Award.

The Commissioner for Budget and Economic Planning, Chiamaka Nnake, and the DG of BPP, Okechukwu Ezeobi, also received Trailblazer Awards for exemplary leadership.

Speaking on the win, CFA commended his colleagues for working closely with the Agency to deepen technology adoption, and reaffirmed the ICT Agency’s commitment to powering the digital infrastructure that supports efficient and transparent government operations in line with Governor Soludo’s “Everything Technology, Technology Everywhere” mantra.

“These awards underscore what is possible when agencies work together with a shared vision,” CFA said. “The ICT Agency is proud to support and enable the digital systems that make such milestones possible.”

He further pledged that the Agency would sustain the momentum by expanding digital integration across government processes, ensuring that Anambra remains at the forefront of e-governance innovation in Nigeria and beyond.


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IHS Closes Deal to Sell Rwanda Operations

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IHS Holding Limited (IHS Towers), an independent tower company, has completed the sale of 100% of Rwanda operations to Paradigm Tower Ventures.

First announced in May, the deal is worth $274.5 million, representing a transaction multiple of 8.3x adjusted EBITDA after leases, and includes about 1,465 sites.

According to IHS Towers, the sale of the company’s Rwanda operations is part of its strategic initiatives targeted at shareholder value-creation options following over ten years of commercial success in the East African country.

The acquisition IHS Rwanda will mark the first investment by Paradigm’s new Sub-Saharan African tower platform, whose focus is on the growth of new build shared wireless infrastructure across the region.

Paradigm is backed by a consortium of equity and debt finance providers, including Convergence Partners and Rand Merchant Bank, a division of FirstRand Bank Limited, who acted as mandated lead arranger, sole funder and financial advisor.

Stephen Harris, co-founder and chairman of Paradigm previously commented: “Rwanda represents an exciting market with high demand for shared wireless infrastructure. The Paradigm team is very much looking forward to building a strong customer focused business, providing high quality and secure infrastructure to mobile network operators.”

 


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NCC Launches DMS to Block Fake, Stolen Phones from Mobile Networks

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Nigerian Communications Commission (NCC) has announced the implementation of a Device Management System (DMS) designed to block fake, cloned, and stolen phones from accessing Nigeria’s mobile networks.

NCC Launches DMS to Block Fake, Stolen Phones from Mobile Networks

The system, which has been in development for nearly a decade, will track mobile devices through their International Mobile Equipment Identity (IMEI) numbers across the country’s telecommunications networks.

The initiative follows Nigeria’s recent nationwide migration to the NINAuth digital ID verification platform, demonstrating the country’s commitment to modernizing its telecommunications infrastructure.

Operating through a Public-Private Partnership (PPP) framework, the DMS marks a significant step in regulating Nigeria’s telecommunications device market.

The initiative addresses the prevalent issue of counterfeit and unregistered phones in the country, where estimates indicate that up to 40 percent of mobile devices and tech gadgets are fake or substandard.

The challenge mirrors similar issues faced by other African nations, such as Uganda, which recently launched its own “Simu Klear” system to address counterfeit devices.

According to the NCC, the implementation will proceed gradually to minimize disruption to legitimate users. “Substandard and fake devices can be prevented from connecting to the networks due to the harmful impact these devices have on the quality of services and online safety of the users,” the Commission stated.

The IMEI-based tracking system builds on successful implementations in other regions, where similar technology has been used to recover lost and stolen devices.

The widespread presence of counterfeit devices in Nigeria has been attributed to various economic factors, including inflation, unemployment, and reduced purchasing power, which have led consumers to seek cheaper alternatives despite associated safety and security risks.

The risks include potential exposure to malware and security vulnerabilities, similar to recent incidents where banking trojans have targeted Android users through counterfeit applications.

Dr. Aminu Maida, executive vice chairman, NCC, has made the DMS initiative a key part of his broader regulatory agenda, which emphasizes protecting telecom assets and improving network quality.

The system supports the Commission’s focus on transparency, accountability, and infrastructure protection in Nigeria’s telecommunications sector, which serves over 200 million people.

The effort complements other recent security initiatives in the country, including PalmPay’s multi-layered security strategy to combat digital payment fraud.

The DMS implementation features several key components, including IMEI-based device identification and blocking capabilities, integration with existing network infrastructure, and coordination between public and private sector stakeholders to ensure effective enforcement.

The comprehensive approach reflects the growing importance of mobile device security in an era where authentication methods are rapidly evolving to counter sophisticated cyber threats.


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