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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

Slow acceptance of Bitcoin and Cryptocurrencies in Sub-Saharan Africa

The Fundamental Reasons Why Sub-Saharan Africa is Responding Relatively Slowly to Cryptocurrency: Focus on Nigeria

2015-12-01T15:25:00+00:00

486

“Every investor settles in his area of superior confidence and that is the gap between the Nigerian investor and Cryptocurrencies,” Ekene Isiuwe.

Investors Developing Confidence in Bitcoin: Nigeria’s Apex Bank Plans Regulation

2015-11-27T07:57:00+00:00

466

Central Bank of Nigeria prohibits the acceptance of foreign currency cash deposits by Deposit Money Banks.

Bitcoin Saves Africa: Nigeria’s Bank Prohibits Foreign Banknotes Deposits by DMBs

2015-11-25T17:55:00+00:00

602

Bank of England has described digital currencies as ‘harder money’ than a gold standard; Nigeria’s Central Bank is calling for bitcoin regulation and more top s...

AUG 20 DIGEST: Bank of England Says Digital Currency is ‘Harder Money’ than Gold; Nigeria’s Bank Calls for Bitcoin Regulation

Daniel O. Nyairo

2015-08-20T14:14:45+01:00

672

Singapore-headquartered Bitcoin exchange BitX, which already has offices in Cape Town and Jakarta, has launched operations in Nigeria.

Singapore Bitcoin Exchange BitX Launches in Nigeria

2015-07-07T10:34:54+01:00

1086

SimbaPay is a remittance service provider headquartered in London that enables Africans in UK to send money from their bank accounts back home fast, cheaply and...

SimbaPay CEO, Nyasinga Onyancha: ‘It Makes Sense to Have a Presence in Nigeria’

Daniel O. Nyairo

2015-05-27T09:43:37+01:00

1255

Bitstake, a cryptocurrency exchange startup, offers a wide range of solutions to the 178 million people of Nigeria.

Native Startup Offers Crypto Remittance Service to Nigerians

Daniel O. Nyairo

2015-04-28T11:06:00+01:00

545

The recent decision by the Nigerian government to combine their new national identity card with a debit card has been raising a number of concerns ranging from ...

Nigerian National ID/Debit Card: Response from MasterCard

2014-09-08T15:54:22+01:00

784