Opinion
Africa stands at a crossroads: harness cryptocurrency’s $4-trillion potential for sovereignty and growth or risk financial instability and exclusion.
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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.
- How to
In Nairobi and Lagos, stablecoins like USDT and USDC help people fight inflation, cut costly remittances and move money through mobile wallets such as M-Pesa.
5039 - Opinion
While crypto focuses on US and EU markets, real adoption is happening in Argentina, Nigeria and the Philippines, where digital assets solve survival needs.
3903 - News
Nigeria’s SEC Director-General Emomotimi Agama said the country welcomes stablecoin firms, marking a shift toward supportive crypto policy.
6779 - Opinion
Crypto adoption is rapidly growing in high-growth markets, where the technology is solving real-world problems, like remittances, financial inclusion and supply chain inefficiencies.
3561 - News
The former executive is starting a new chapter, having returned to the US in October 2024 after being detained for eight months in Nigeria.
3913 - News
Blockchain.com is opening a Nigerian office as part of its expansion into African markets showing regulatory progress.
2275 - News
Six individuals allegedly defrauded investors out of $620,000 in Nigeria through falsely advertising the Crypto Bridge Exchange.
4316 - News
A Nigerian court has adjourned the tax authority’s case against Binance until April 30 to allow time for the regulator to respond to a request from the company.
4855 - News
Roughly five months after returning to the United States, Tigran Gambaryan spoke to the audience at the DC Blockchain Summit on his detention in Nigeria.
6043 - News
Nigeria has one of the highest rates of crypto adoption in the world, but the government has a complicated relationship with digital assets.
2849 - Opinion
As Nigeria navigates its burgeoning cryptocurrency landscape, the government seeks to balance innovation with necessary regulation, aiming to build a secure, inclusive digital economy that empowers its citizens.
1190 - Analysis
As Nigeria grapples with economic challenges, the government is set to introduce a tax on cryptocurrency transactions. This move appears to be an effort to tap into the burgeoning digital economy and the informal sector.
2919 - Newsletter
The Nigerian government alleged that Binance caused economic damages after crashing the country’s fiat currency.
12054 - News
According to Nairametrics, Nigeria’s total money supply (M2) increased 17% year-over-year in January 2025, diluting the currency’s value.
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