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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 it is just a matter of time for the Bitcoin bubble to burst in India so it is a little sooner for the multiplier effect of the burst to spill over to Africa....

How India’s Growing Bitcoin Use Will Drag Africa Along

Olusegun Ogundeji

2016-10-03T13:25:00+01:00

981

Will Bitland's first official ICO initiate a process which would resolve the prevailing global rural real estate conflicts?

Blockchain Real Use Case: Land Inventory in Africa and Beyond

2016-08-20T17:15:00+01:00

1728

More effective transaction processes and lower charges encourages Nigerians to seek cross-border employments amidst harsh local economic conditions.

Safer, Faster, Cheaper: Blockchain Simplifies Receiving International Wages

2016-05-26T18:00:00+01:00

482

Smart contracts can help avoid human error and prevent fraud in countries like Nigeria.

Smart Contracts Are Solution To Nigeria’s “Fantastic Corruption”

2016-05-20T14:20:00+01:00

668

A recent hike in oil prices in Nigeria may increase Bitcoin adoption for cross border transactions, safekeeping and investments.

Nigerian Currency Falls After Petrol Price Hike, Bitcoin Offers Solution

Olusegun Ogundeji

2016-05-14T13:45:00+01:00

832

The growing need for Bitcoin ATMs in Nigeria, India, and Kenya is propelling the growth of the global ATM market, says Technavio’s latest global ATM market repo...

Bitcoin in India, Nigeria, Kenya to Spur Global ATM Market

Olusegun Ogundeji

2016-05-01T10:34:00+01:00

1489

MMM rides on the wings of belief, greed and a failing economy to flourish in Nigeria despite its negative history and bad publicity as a Ponzi scheme.

Despite Bad Publicity, MMM Global Flourishes In Nigeria

2016-03-30T10:51:00+01:00

1170

CEO of Naira4Dollar, Ejezie Sunday has allegedly had $15,000 worth of Bitcoins stolen from his company’s wallet on blockchain.info.

Hackers Strip Nigerian Exchange Of $15,000 Worth Of Bitcoins

2016-03-19T12:35:00+00:00

2186