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.
SiBAN president Obinna Iwuno stressed the necessity of establishing a forward-thinking regulatory framework to accelerate the infusion of blockchain technology ...
Stakeholder urges swift implementation of Nigeria’s blockchain policy
A spokesperson for the Nigerian Police Force said that Wilfred Bonse, a Nigerian politician, has been arrested for the theft, the conversion of cryptocurrency w...
Arrest made in Nigeria’s Patricia Technologies crypto wallet heist
NITDA chief Kashifu Inuwa Abdullahi said it’s crucial to take proactive measures to harness AI benefits and mitigate threats.
Nigeria’s NITDA advocates AI integration in payments for global recognition
Nigeria’s communication ministry said the Code Clubs will introduce young participants to coding and digital technology and encourage them to deploy creative pr...
Nigeria and UK foundation launch Code Clubs for digital literacy
The course will evolve in three stages, according to the government’s disclosed implementation strategy.
Nigeria’s 3MTT program draws 1M+ applicants, introduces AI course
The new all-time highs come despite Bitcoin still being down over 50% against its price peak of $69,000 against the U.S. dollar.
Bitcoin price hits all-time highs across Argentina, Nigeria and Turkey
Fejiro Hanu also revealed that the shares will be managed by a Nigerian Securities and Exchange Commission-licensed trusted third party to ensure complete trans...
Patricia exchange CEO announces debt restructuring via convertible notes