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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

Blockchain Africa highlights the remaining hurdles that stand in the way of widespread adoption of crypto and blockchain on the continent.

Optimism abounds for crypto and blockchain adoption at virtual Blockchain Africa

Gareth Jenkinson

2021-03-22T13:29:05+00:00

23718

The governor of the Central Bank of Nigeria has seemingly softened his stance on crypto for individuals, if not banks.

Nigeria's central bank not discouraging people from trading crypto, says governor

2021-03-21T18:44:25+00:00

17801

The COVID-19 pandemic has highlighted the necessity for the digitalization and sustainable development of African economies.

Africa’s solarized digitalization agenda in the time of coronavirus

2021-03-20T13:07:00+00:00

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Yemi Osinbajo sees potential for crypto and blockchain.

Blockchain and crypto will challenge current finance, Nigeria VP says

2021-02-27T00:19:15+00:00

42912

Market Analysis

Traders are accustomed to slight price differences between exchanges, but is a 70% gap sustainable?

Why is Bitcoin $86K in Nigeria? Here's why the BTC premium is huge in some countries

2021-02-26T13:30:00+00:00

42769

Nigeria’s central bank is doubling down on its anti-cryptocurrency stance.

'Cryptocurrency is not legitimate money,' says Nigeria's central bank governor

Osato Avan-Nomayo

2021-02-24T14:40:47+00:00

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Nigeria’s Securities and Exchange Commission says it is committed to creating a clear-cut regulatory framework for cryptos in the country.

Crypto market too big to ignore, says Nigeria SEC

Osato Avan-Nomayo

2021-02-22T10:10:31+00:00

9877

Statista has found that one-in-three Nigerians held or used crypto assets during 2020.

Nigeria and South East Asia led global crypto adoption in 2020

2021-02-18T05:47:24+00:00

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