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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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Swiftcurrency.com moves to begin awareness campaign on virtual currencies, with the aim to redeem the industry’s already battered image by Ponzi schemes says Ad...

Nigerian BTC Trading Platform Fights Ponzi Schemes That Thrive Over Africa

2016-03-16T14:37:00+00:00

561

NairaEx, a Nigeria-based Bitcoin exchange has announced the launch of its bitcoin remittance service that will allow Nigerians to send and receive money with ze...

NairaEx Launches Bitcoin Money Transfer (BETA)

2016-03-07T14:46:00+00:00

677

Cointelegraph spoke with the founder of Swift eCurrency about various aspects of the virtual currency market in Nigeria.

Inadequate Education Affects Virtual Currency Market In Nigeria

2016-03-03T09:15:00+00:00

492

Nigerian naira looks to be set to lose more value in the international currency market. Will citizens turn to superior currencies as a safe haven for their weal...

Is Bitcoin Set To Save Nigerians From The Naira?

2016-02-04T18:15:00+00:00

729

There has been several policy changes and reversals within the Nigerian financial services sector over a short period of time. Could Bitcoin and the Blockchain ...

The Bitcoin Blockchain Signifies The Golden Rule

2016-02-03T10:34:00+00:00

487

Inconsistent policies surrounding fiat in Nigeria has caused panic. It seems the perfect opportunity for Bitcoin startups in Africa.

The Perfect Storm Is Set For Bitcoin In Nigeria

2016-01-15T09:40:00+00:00

621

The Nigerian financial services sector has experienced some major technological developments within the last two decades.

IMF Chief Summarises The Importance Of The Nigerian Market

2016-01-12T11:15:00+00:00

510

The Central Bank of Nigeria has banned the use of Naira denominated ATM cards abroad. Could this mean an explosion for the Bitcoin market in the country?

Central Bank Embargo Ushers In Sudden Bitcoin Awareness In Nigeria

2015-12-25T10:31:00+00:00

981