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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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'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

"We believe one day digital money will gain more acceptance than paper money,” said school director Sabi’u Musa Haruna.

Nigerian secondary school will accept crypto payments despite regulatory uncertainty

2021-06-25T20:31:29+01:00

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Nigeria’s government is looking to drive blockchain adoption as part of its plans to establish emerging technology centers across the country.

Nigeria’s comms minister links blockchain to national digital innovation efforts

Osato Avan-Nomayo

2021-06-24T11:56:35+01:00

2100

The Central Bank of Nigeria says it is gearing up to test a sovereign digital currency to ease foreign remittance restrictions.

Nigeria’s central bank plans CBDC pilot launch before the end of 2021

Osato Avan-Nomayo

2021-06-11T10:04:56+01:00

10745

Emefiele said the Nigerian government will do its best to prevent crypto from being used to finance illicit activities.

Crypto will ‘come to life’ in Nigeria, central bank governor says

2021-05-28T10:02:18+01:00

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One Nigerian explains the benefits of Bitcoin from an alternate angle.

Bitcoin’s usefulness is on a whole other level, depending on where you live

2021-05-22T14:30:00+01:00

18013

After a successful run in Nigeria, Quidax announced global expansion plans and the launch of its native token, QDX.

African crypto exchange registers $3.2B in transactions ahead of global expansion

2021-05-10T19:40:00+01:00

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George Residence in Lagos has announced plans to start accepting BTC payments. The company has already converted 50% of its balance sheet to Bitcoin.

Nigerian hotel becomes country’s first to accept Bitcoin payments

2021-04-26T18:15:00+01:00

19470

The Securities and Exchange Commission of Nigeria says it is working with the central bank to create a legal framework for cryptos and digital assets.

Nigeria’s SEC says central bank’s crypto ban disrupted the market

Osato Avan-Nomayo

2021-04-16T12:09:06+01:00

10815