How Crypto Can Help Nigeria’s Economy

From hedging hyperinflation to lowering the cost of cross-border remittances, crypto can improve financial inclusion in Africa's largest economy.

Opinion  ·  12 August 2021

Yele Bademosi Steps Down as CEO of Bundle Africa

Bademosi will be succeeded by Binance Africa director Emmanuel Babalola

News  ·  30 July 2021

Nigeria’s Central Bank Digital Currency Pilot to Start Oct. 1

Rakiya Mohammed, the bank's information technology director, revealed the date during a private webinar on Thursday.

News  ·  23 July 2021

Thriving Under Pressure: Why Crypto Is Booming in Nigeria Despite the Banking Ban

Crypto communities world-wide have found ways around government bans, and Nigeria is no exception.

News  ·  6 July 2021

Nigeria Is the Lion of Africa in Bitcoin P2P Trading

Nigeria's crypto industry is growing fast despite the government's efforts to stunt bitcoin adoption, says a local trader.

Policy & regulation  ·  2 July 2021

‘They’d Rather Buy Bitcoin and Take That Risk’: An Interview With Paxful’s Nena Nwachukwu

Last year’s End SARS protests over police brutality were a catalyst for Bitcoin adoption in Nigeria, says Nwachukwu, ahead of CoinDesk’s Crypto State event.

People  ·  30 June 2021
First Mover

Africa ‘Is Leading Global Cryptocurrency Adoption’: Paxful CEO

Paxful CEO Ray Youssef said all eyes should be on Africa right now.

Markets  ·  4 June 2021

Soccer Player Ifunanyachi Achara the Latest Sports Pro to Take Salary in Bitcoin

The Nigeria-born Toronto FC forward sends some of his bitcoin home to help his family avoid surging inflation rates in Africa’s largest economy.

Business  ·  3 May 2021

The NFT Craze Is Helping Nigerian Artists Go Global

Nigerian artists are minting NFTs, but they are cautious about the hype around them.

Markets  ·  13 April 2021

Nigeria’s Central Bank: We Didn’t Ban Crypto Trading

Deputy Governor Adamu Lamtek said the CBN is not discouraging people from trading in cryptocurrency.

News  ·  22 March 2021

Stellar Development Foundation Invests $750K in Nigeria Remittance Platform

The investment, made through SDF's Enterprise Fund, will provide Cowrie with resources to continue expanding its operations in emerging markets, including Africa.

News  ·  17 March 2021

Nigerians Turn to Stablecoins for Protection Against Inflation

Traditional savings groups in Nigeria are looking at dollar-pegged stablecoins as a tool to protect their savings from local inflation.

Markets  ·  15 March 2021

Nigeria Is Now Rewarding Citizens for Using Licensed Money Senders, Not Crypto

The "Naira 4 Dollar Scheme" is a bid to funnel remittances through official channels. Meanwhile, peer-to-peer bitcoin remains popular.

Policy & regulation  ·  10 March 2021

Blockchain Sleuthing Firm Calls Nigeria ‘Focal Point’ for Africa’s Crypto Scams

These scams are raking in tens of thousands of dollars in crypto a month, blockchain analytics firm Whitestream determined.

People  ·  3 March 2021

Bitcoin Is Trading at a 46% Premium on Luno Nigeria After Central Bank Ban

The premium rose after the Central Bank of Nigeria reminded banks they could not provide crypto exchanges with financial services.

News  ·  26 February 2021