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

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Cryptography Development Initiative in Nigeria (CDIN) has created a platform, “Nigeria Blockchain Alliance” (NBA) to fight against Cryptocurrency related crimes...

Nigerians Declare War on Cryptocurrency Scam

2017-01-04T13:57:00+00:00

1703

Nigeria’s apex bank chief sounds the alarm for government to begin taking Blockchain more seriously.

Central Bank of Nigeria: Blockchain Is Taking Over, Swim Or Sink!

2016-12-23T16:00:00+00:00

764

A Nigerian group of experts from various fields of science and technology gets together to give a new impulse to crypto industry in this country.

Crypto Experts Team Up to Give Impulse to Blockchain Revolution in Nigeria

2016-12-20T14:20:00+00:00

1140

Developing markets turning on to Bitcoin are experiencing huge variations in the price of buying a bitcoin - and rumors of ulterior motives are beginning to sur...

Huge Variations of BTC Price In African Markets Raises Suspicions Of Foul Play

2016-12-01T12:11:00+00:00

1456

Nigeria’s Apex Bank Chief says: “No magic can save The Naira”; citizens run to Bitcoin for economic security.

Nigerians Opt ‘Secure Bitcoin’, Consider Country’s Currency Dead

2016-11-08T17:30:00+00:00

745

Bitcoin price as well as the trading volumes are increasing in Nigeria.

Metric Shows Bitcoin Trading Volumes, Users, App Downloads Grow In Nigeria

Olusegun Ogundeji

2016-10-27T09:40:00+01:00

665

The wave of Bitcoin awareness is sweeping across the largest black nation on earth.

In the Face Of a Failing Economy, Nigerians Run to Bitcoin For Safety

2016-10-14T17:39:00+01:00

713

Despite having the market capacity to be a big ground for Bitcoin, coupled with other factors such as a worsening economic situation, Nigeria still lags behind ...

Why Africa’s Erstwhile Largest Economy Lags Behind With Bitcoin

Olusegun Ogundeji

2016-10-03T17:30:00+01:00

389