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Nigeria News

Nigeria is seventh most populous country, and most populous in Africa. Nigeria also has the largest economy in Africa, with more than $500 billion of nominal gross domestic product. The Word Bank considers Nigeria to be an emerging market and is widely seen as a perspective economy. Still, it ranks 152nd in the Human Development Index and has a large variety of problems regarding the lack of education, organized crime and human rights. Bitcoin is legal in Nigeria, but the Nigerian SEC, or Securities and Exchange Commission, warned citizens about cryptocurrency investments being risky and sometimes even fraudulent. However, the Nigeria Deposit Insurance Corporation and the Central Bank of Nigeria have plans to adopt cryptocurrency technology and have several sub-committees working on implementing blockchain into governmental insurance and financial services.

Top News

Is Dogecoin set to follow Shiba Inu’s (SHIB) 400% breakout?

'Much ow' ahead? Dogecoin chart fractal puts Shiba Inu's 390% QTD rally in danger

Shiba Inu rebounds 40% despite major selling by SHIB whales

One currency to rule them all: Facebook’s Diem has global ambitions

Shiba Inu is now a top-20 cryptocurrency with SHIB price soaring 300% in 9 days

As Coinbase talks of adding LTC buying to its platform, Litecoin and Ethereum are positioning to be the next go-to digital currencies after Bitcoin in Africa.

Bitcoin, Litecoin, Ethereum: Why LTC Outranked ETH in Nigeria

Olusegun Ogundeji

2017-04-09T13:00:00+01:00

12033

The founder of SuperDao highlights some uses for cryptocurrencies in one of Africa’s largest economies, Nigeria.

Crypto-Based POS Systems Can Empower Many Nigerians: SuperDAO Founder

Olusegun Ogundeji

2017-03-29T10:58:00+01:00

907

55% of Nigerian Finance Industry Leaders Put Fintech “At Heart of Strategy”: PwC Survey

What Do Nigerian Trends Reveal About FinTech Global Future?

Shivdeep Dhaliwal

2017-02-28T12:33:00+00:00

607

There should be a clear distinction between how Onecoin and Bitcoin are presented to the public to avoid any misunderstandings.

Africans Learn To Separate Onecoin, Scamcoins From Bitcoin

Olusegun Ogundeji

2017-02-27T09:26:00+00:00

4082

Nigeria Blockchain Alliance (NBA) has recovered the funds of several individuals who had fallen victim to bad actors within the space who attempted to defraud t...

Despite Rising BTC Price, Bitcoin Yet to Become Totally Independent

2017-02-21T17:18:00+00:00

799

The Bank of Uganda has put Onecoin and Bitcoin in the same trash buсket. Why do the governments of developing countries like Uganda and Nigeria prefer not to se...

Why Onecoin and Bitcoin Appear On Same Warning List, Again

2017-02-16T12:53:00+00:00

1812

MMM Nigeria - a prominent multi-marketing Ponzi scheme - has recently announced that it is making a comeback enabling Bitcoin as a form of payment.

MMM Nigeria: Notorious “Ponzi Scheme” Enables Bitcoin for Payments

2017-02-12T16:24:00+00:00

2338

The ability of Bitcoin to resist inflation makes it an automatic safe haven for embattled economies like Venezuela’s and Nigeria’s.

Nigerians Run To Bitcoin For Safety, Take The Cue From Venezuelans

2017-02-08T17:18:00+00:00

1406