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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

Bitcoin and blockchain tech are ripe for mainstream adoption in Africa, where the population is well positioned to embrace the innovative technologies.

Banks and Cryptocurrencies Global Evaluation: Africa

Christina Georgacopoulos

2018-05-10T16:50:00+01:00

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An executive at Nigeria’s Deposit Insurance Corporation has warned citizens away from crypto, citing a lack of backing in any “physical commodity”

Nigerian Regulator Warns Against Crypto Transactions Since They’re ‘Not Insured’

Molly Jane Zuckerman

2018-03-24T17:55:00+00:00

46437

Entrepreneurs in emerging markets can benefit from a new generation of democratized and tokenized investments in private companies thanks to ICO strategies.

Blockchain Redefines Emerging Markets: Capital, Assets and Securities

2018-01-03T17:05:00+00:00

40514

Most Africans can’t afford a full Bitcoin, but ICOs are within their reach.

ICOs Opening Doors to Blockchain, Investment in Africa

Olusegun Ogundeji

2017-12-01T03:26:00+00:00

18568

The Nigerian government is adopting an open and friendly approach to Blockchain and Bitcoin regulation, making it a leader in Blockchain adoption in Africa.

Government and Startups are Partnering Effectively to Develop Blockchain in Nigeria

2017-10-11T00:55:00+01:00

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Bitcoin could solve a lot of Africa’s problems, but its uptake has been slow.

Why is Africa Slow on the Bitcoin Uptake?

2017-10-10T15:30:00+01:00

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A new Bitcoin exchange has launched in Nigeria with the aim of becoming an “exchange for Africa.”

Nigeria Expands Its Crypto Universe As Bitkoin.Africa Launches Exchange

2017-10-02T13:51:00+01:00

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The maximum impact of Blockchain won't be felt in the West, but in Africa where it is most needed.

Maximum Impact Of Blockchain Will Be Felt In Africa, Not In The West: Opinion

2017-08-25T14:15:00+01:00

10815