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.
Overview
Despite facing hot-and-cold rules, growing crypto usage in sub-Saharan Africa is forcing regulators to reconsider the industry.
Exploring the landscape of crypto regulations in sub-Saharan Africa
Guest Author
2020-10-19T19:05:00+01:00
2204
News
African crypto adoption has exploded in 2020, prompting fears of a heavy-handed regulatory response
Booming African crypto adoption drives concerns over regulation
Samuel Haig
2020-09-23T06:53:52+01:00
6183
Sponsored
A Nigerian business that had humble beginnings as an e-commerce startup is now offering Bitcoin payments to hundreds of thousands of people.
Crypto payments company wants to usher Africa into a new digital age
Connor Blenkinsop
2020-09-16T19:35:00+01:00
10693
News
‘Virtual crypto assets are securities, unless proven otherwise,’ the Nigerian SEC said.
Nigeria regulators recognize digital assets in stunning new statement
Turner Wright
2020-09-15T00:02:00+01:00
7742
News
Africans are turning to cryptocurrencies to avoid high fees and currency instability, with transfers to and from the continent increasing 55% over the last year...
Small value crypto transfers in Africa have increased by 55%
Joshua Mapperson
2020-09-10T04:56:25+01:00
4200
News
Nigeria outperformed the rest of the world by the level of interest in Bitcoin over recent months.
Nigerian Crypto Activity Has Been On the Rise Since April
Helen Partz
2020-08-06T22:45:00+01:00
10526
News
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
Samuel Haig
2020-07-22T11:55:00+01:00
3302
News
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
8104

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