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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

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Leading African bitcoin startup BitPesa secured a US$2.5 million funding round from leading venture capital firms including Draper VC, Blockchain Capital, BnkTo...

Bitcoin Market in Nigeria Prospers With BitPesa at Forefront

2017-02-02T10:00:00+00:00

2430

Nigeria and Africa generally are showing a huge sign of optimism for Bitcoin trading. But there are some challenges to overcome.

In Africa, M-Pesa Success is Example in Bitcoin Adoption: BitcoinNow Founder

Olusegun Ogundeji

2017-02-01T16:20:00+00:00

2456

The Blockchain industry in Nigeria has received a boost as government agencies are collaborating with Cryptography Development Initiative of Nigeria (CDIN) in e...

Nigerian Government Offers Support To Blockchain Development Group

2017-01-27T10:55:00+00:00

2085

Bitcoin and Blockchain development over the years has been observed to occur in cycles. Focus within the industry has always shifted between Bitcoin and Blockch...

Bitcoin Price Ebbs and Flows Make Bitcoin, Blockchain Two Ends of Seesaw

2017-01-24T16:21:00+00:00

768

A circular from the Central Bank of Nigeria speaks of the committee that will produce the policies for blockchain regulation in Nigeria, and operational framewo...

Bitcoin, Altcoins Set To Capitalize on Central Bank of Nigeria Blockchain Moves

2017-01-20T12:05:00+00:00

3043

As Ponzi schemes make inroads into the Nigerian investment ecosystem, the next generation of leaders are indirectly learning to rely on luck and chance.

How Bitcoin Could Fight Ponzi Schemes and Save Nigeria’s Economy

2017-01-17T16:10:00+00:00

1432

Cryptocurrency users in Nigeria are reacting to the public notice by the Securities and Exchange Commission of Nigeria (SEC) and opposing the approach, tone and...

Nigerians Oppose SEC Warning Over Cryptocurrency Investment

2017-01-13T15:55:00+00:00

1284

A new Blockchain startup, Cryptogene has been launched in Nigeria with the primary aim of educating its citizens on the fundamentals and benefits of the Blockch...

Startup Creates Own Coin To Educate Nigerians About Blockchain And Cryptocurrency

2017-01-10T14:50:00+00:00

2016