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.

Banks and Cryptocurrencies Global Evaluation: Africa

MAY 10, 2018 | by Christina Georgacopoulos

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

25539 |

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

MAR 24, 2018 | by Molly Jane Zuckerman

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

45030 | 9

Blockchain Redefines Emerging Markets: Capital, Assets and Securities

JAN 03, 2018 | by Guest Author

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

39558 |

ICOs Opening Doors to Blockchain, Investment in Africa

DEC 01, 2017 | by Olusegun Ogundeji

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

17559 | 2

Government and Startups are Partnering Effectively to Develop Blockchain in Nigeria

OCT 11, 2017 | by Iyke Aru

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

12564 | 1

Why is Africa Slow on the Bitcoin Uptake?

OCT 10, 2017 | by Darryn Pollock

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

18819 | 4

Nigeria Expands Its Crypto Universe As Bitkoin.Africa Launches Exchange

OCT 02, 2017 | by William Suberg

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

9701 |

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

AUG 25, 2017 | by Iyke Aru

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

10083 | 2

Ethereum and ICOs Crucial to Nigerian Economy

AUG 11, 2017 | by Olusegun Ogundeji

As Africa-related ICOs are booming, SuperDAO touches on why they could be important to one of the continent’s largest markets

45557 | 4

Nigeria’s Apex Bank and Stakeholders Collaborate to Enhance Blockchain Awareness and Implementation

AUG 09, 2017 | by Iyke Aru

Nigeria is poised to become a leader in Blockchain, as government invites collaboration with businesses and investors.

7490 | 1

Africa Can Catch-up by Implementing Blockchain

AUG 02, 2017 | by Iyke Aru

The peculiarity of the African continent qualifies it as a viable hub for Blockchain solutions.

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It is Baby Steps But Bitcoin is Taking Root in Africa

JUL 24, 2017 | by Darryn Pollock

Bitcoin growth continues in Africa’s big cryptocurrency players, but there are also baby steps in Tanzania.

12275 | 2

Overstock Inspires Nigerian Bitcoin-Only e-Commerce Site

JUL 19, 2017 | by Olusegun Ogundeji

Can accepting and promoting the use of Bitcoin as the only means of payment make a difference in Nigeria’s e-commerce industry?

14074 | 3

Bitcoin Stability Depends on Level of Interaction with Conventional Systems

JUL 05, 2017 | by Iyke Aru

Disruptive technologies achieve mainstream adoption when they become reasonably interactive with existing conventions.

11991 | 4

Bitcoin Price Crash: Reasons Why It Shouldn't Scare You

JUN 03, 2017 | by Anthony Coggine

Will the increase in adoption in Russia, North Korea and Nigeria help drive up the demand for bitcoins and sustain its current price?

41900 | 7

Ethereum and ICOs Crucial to Nigerian Economy

AUG 11, 2017 | by Olusegun Ogundeji

As Africa-related ICOs are booming, SuperDAO touches on why they could be important to one of the continent’s largest markets

45557 | 4

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

MAR 24, 2018 | by Molly Jane Zuckerman

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

45030 | 9

Bitcoin Price Crash: Reasons Why It Shouldn't Scare You

JUN 03, 2017 | by Anthony Coggine

Will the increase in adoption in Russia, North Korea and Nigeria help drive up the demand for bitcoins and sustain its current price?

41900 | 7

Blockchain Redefines Emerging Markets: Capital, Assets and Securities

JAN 03, 2018 | by Guest Author

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

39558 |

Banks and Cryptocurrencies Global Evaluation: Africa

MAY 10, 2018 | by Christina Georgacopoulos

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

25539 |

Why is Africa Slow on the Bitcoin Uptake?

OCT 10, 2017 | by Darryn Pollock

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

18819 | 4

ICOs Opening Doors to Blockchain, Investment in Africa

DEC 01, 2017 | by Olusegun Ogundeji

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

17559 | 2

Overstock Inspires Nigerian Bitcoin-Only e-Commerce Site

JUL 19, 2017 | by Olusegun Ogundeji

Can accepting and promoting the use of Bitcoin as the only means of payment make a difference in Nigeria’s e-commerce industry?

14074 | 3

Government and Startups are Partnering Effectively to Develop Blockchain in Nigeria

OCT 11, 2017 | by Iyke Aru

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

12564 | 1

It is Baby Steps But Bitcoin is Taking Root in Africa

JUL 24, 2017 | by Darryn Pollock

Bitcoin growth continues in Africa’s big cryptocurrency players, but there are also baby steps in Tanzania.

12275 | 2

Bitcoin Stability Depends on Level of Interaction with Conventional Systems

JUL 05, 2017 | by Iyke Aru

Disruptive technologies achieve mainstream adoption when they become reasonably interactive with existing conventions.

11991 | 4

Bitcoin, Litecoin, Ethereum: Why LTC Outranked ETH in Nigeria

APR 09, 2017 | by Olusegun Ogundeji

As Coinbase talks of adding LTC buying to its platform, Litecoin and Ethereum are positioning to be the next go-to digital currencies after Bitcoin in Africa.

11105 | 5

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

AUG 25, 2017 | by Iyke Aru

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

10083 | 2

Nigeria Expands Its Crypto Universe As Bitkoin.Africa Launches Exchange

OCT 02, 2017 | by William Suberg

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

9701 |

Scam Alert: Fake Blockchain Conference Angers Bitcoin Community

APR 24, 2017 | by Iyke Aru

Andreas Antonopoulos and other experts have denied having any connection with the advertisement of a Blockchain conference in Lagos, Nigeria on 14 and 15 August...

9581 | 1

Why Onecoin and Bitcoin Appear On Same Warning List, Again

FEB 16, 2017 | by Iyke Aru

The Bank of Uganda has put Onecoin and Bitcoin in the same trash buсket. Why do the governments of developing countries like Uganda and Nigeria prefer not to se...

1089 | 15

Despite Bad Publicity, MMM Global Flourishes In Nigeria

MAR 30, 2016 | by Iyke Aru

MMM rides on the wings of belief, greed and a failing economy to flourish in Nigeria despite its negative history and bad publicity as a Ponzi scheme.

639 | 11

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

MAR 24, 2018 | by Molly Jane Zuckerman

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

45030 | 9

Africans Learn To Separate Onecoin, Scamcoins From Bitcoin

FEB 27, 2017 | by Olusegun Ogundeji

There should be a clear distinction between how Onecoin and Bitcoin are presented to the public to avoid any misunderstandings.

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Nigerians Declare War on Cryptocurrency Scam

JAN 04, 2017 | by Iyke Aru

Cryptography Development Initiative in Nigeria (CDIN) has created a platform, “Nigeria Blockchain Alliance” (NBA) to fight against Cryptocurrency related crimes...

1026 | 10

Bitcoin Price Crash: Reasons Why It Shouldn't Scare You

JUN 03, 2017 | by Anthony Coggine

Will the increase in adoption in Russia, North Korea and Nigeria help drive up the demand for bitcoins and sustain its current price?

41900 | 7

Startup Creates Own Coin To Educate Nigerians About Blockchain And Cryptocurrency

JAN 10, 2017 | by Iyke Aru

A new Blockchain startup, Cryptogene has been launched in Nigeria with the primary aim of educating its citizens on the fundamentals and benefits of the Blockch...

1212 | 5

Bitcoin, Litecoin, Ethereum: Why LTC Outranked ETH in Nigeria

APR 09, 2017 | by Olusegun Ogundeji

As Coinbase talks of adding LTC buying to its platform, Litecoin and Ethereum are positioning to be the next go-to digital currencies after Bitcoin in Africa.

11105 | 5

Why is Africa Slow on the Bitcoin Uptake?

OCT 10, 2017 | by Darryn Pollock

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

18819 | 4

In Africa, M-Pesa Success is Example in Bitcoin Adoption: BitcoinNow Founder

FEB 01, 2017 | by Olusegun Ogundeji

Nigeria and Africa generally are showing a huge sign of optimism for Bitcoin trading. But there are some challenges to overcome.

1259 | 4

Ethereum and ICOs Crucial to Nigerian Economy

AUG 11, 2017 | by Olusegun Ogundeji

As Africa-related ICOs are booming, SuperDAO touches on why they could be important to one of the continent’s largest markets

45557 | 4

Bitcoin Stability Depends on Level of Interaction with Conventional Systems

JUL 05, 2017 | by Iyke Aru

Disruptive technologies achieve mainstream adoption when they become reasonably interactive with existing conventions.

11991 | 4

Overstock Inspires Nigerian Bitcoin-Only e-Commerce Site

JUL 19, 2017 | by Olusegun Ogundeji

Can accepting and promoting the use of Bitcoin as the only means of payment make a difference in Nigeria’s e-commerce industry?

14074 | 3

Africa Can Catch-up by Implementing Blockchain

AUG 02, 2017 | by Iyke Aru

The peculiarity of the African continent qualifies it as a viable hub for Blockchain solutions.

9140 | 3

Despite Rising BTC Price, Bitcoin Yet to Become Totally Independent

FEB 21, 2017 | by Iyke Aru

Nigeria Blockchain Alliance (NBA) has recovered the funds of several individuals who had fallen victim to bad actors within the space who attempted to defraud t...

521 | 2