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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

Numerous emerging crypto markets are showing dramatic growth in P2P trade, with India and Ghana producing enormous growth during 2020.

India Leads P2P Volume Records Among Emerging Markets

2020-07-22T11:55:00+01:00

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Nigerian scammers converted millions of dollars into Bitcoin via Gemini exchange according to an FBI criminal complaint.

Nigerian Scammers Used BTC & Gemini Exchange to Siphon Millions

Michael Kapilkov

2020-07-12T16:00:00+01:00

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The U.S. Treasury added six Nigerian individuals to its sanctions list for alleged cybercrimes.

Six Nigerian Citizens Added to the US Sanctions List for Cybercrimes

2020-06-16T18:32:00+01:00

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Peer-to-peer Bitcoin trading in the United States has surged to post its strongest weekly volume on record, with almost $29 million trading on Localbitcoins and...

United States Sets New Record for P2P Bitcoin Trading

2020-06-11T09:02:00+01:00

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Crypto adoption appears to be growing across the continent of Africa.

Africa Is Experiencing a Crypto Renaissance

2020-05-24T22:30:00+01:00

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According to a new report, African nations have the highest rates of cryptocurrency adoption throughout the world.

Report: Africa Is Bullish on Crypto Despite Infrastructure and Regulatory Hurdles

Mohammad Musharraf

2020-05-20T13:41:00+01:00

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Social payments application Bundle launched its service in Nigeria after incubation by leading cryptocurrency exchange Binance.

Binance-Backed Cryptocurrency Payments App Bundle Launches in Nigeria

Adrian Zmudzinski

2020-04-23T11:30:00+01:00

5232

Nigeria, Africa’s largest economy and largest source of Bitcoin trading volume on the continent, has welcomed its first Bitcoin ATM.

Nigeria Becomes Eighth African Nation to Welcome Bitcoin ATMs

2020-04-01T20:00:00+01:00

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