Nigeria Archives - Cryptotimes Africa

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Nigeria’s SiBAN wants govt to craft national Bitcoin policy

by Terry Kunle November 21, 2024

In a recent appeal, the Blockchain Technology Association of Nigeria (SiBAN) requested the government to develop a national Bitcoin policy, drawing inspiration from the pro-cryptocurrency policies recently adopted by US president-Elect Donald Trump. Obinna Iwuno, president of SiBAN, underlined the importance of…

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Central Banks Are Secretly Mining Crypto Currencies

by 'Femi Michael October 24, 2024

It might sound like a conspiracy, but central banks are almost certainly already buying Bitcoin. Here’s why: Hedging Against Their Own Policies Nearly all countries are up to their ears in debt. Since austerity measures are not politically acceptable, they must find other…

News

Emerging Markets in Africa and Asia Downloaded Bitget Wallet More Than Major Centralized Exchanges

by Terry Kunle October 23, 2024

Bitget Wallet, the leading Web3 non-custodial wallet, has surpassed 40 million users, doubling its user base in just six months. The wallet also climbed to the second spot in global crypto app downloads for September, with nearly 6 million downloads in that…

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Zap Africa Launches Wallet Connect Feature: Integrating Web3 Wallets With Zap Exchange

by Terry Kunle October 12, 2024

Zap Africa, a leading player in the crypto space and the innovator of Nigeria’s first non-custodial exchange, is setting a new standard for financial technology with the integration of a pioneering feature that seamlessly connects Web3 users’ wallets to their exchange. Tobiloba…

Feature

How to Trade the US Tech Index in Nigeria

by Terry Kunle October 9, 2024

The US Tech Index acts as one of the crucial indexes for the entire global financial market while depicting the performance of the leading technology firms across the United States of America. For Nigerian investors, for instance, trading this index provides a…

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SEC Calls for Stronger Crypto Regulation Amidst Nigeria’s Booming Market

by Terry Kunle October 8, 2024

As the crypto market continues to evolve, regulators and industry stakeholders in Nigeria are calling for enhanced oversight and a focus on sustainable finance to drive economic development. At the opening ceremony of World Investor Week (WIW) 2024 in Lagos, the Securities…

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Nigeria’s Crypto Market Flourishes Amidst Economic Challenges

by Terry Kunle October 7, 2024

Nigeria, the second-most populous nation in Africa, has emerged as a leading force in the cryptocurrency market, with a significant portion of the region's transaction volume concentrated within its borders. Despite facing economic challenges, Nigerians have turned to cryptocurrencies as a means…

Article

Nigeria’s Crypto Market: A Double-Edged Sword

by Terry Kunle September 17, 2024

Despite facing regulatory hurdles and economic challenges, Nigeria remains a cryptocurrency powerhouse in Africa. The country's young and tech-savvy population, coupled with a rapidly growing economy, has fueled a surge in interest and adoption of digital assets. A Global Leader in…

Feature

SiBAN Leadership Crisis: A Setback for Cryptocurrency Advocacy in Nigeria?

by Terry Kunle September 16, 2024

The Stakeholders in Blockchain Association of Nigeria (SiBAN), a leading advocate for cryptocurrency recognition and regulation in Nigeria, is currently facing a significant leadership crisis. All executive members of the association have been expelled following allegations of misconduct and insubordination against the…

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Zone expands as Fair Money, Konga others join decentralised payment network

by Terry Kunle September 16, 2024

Popular payment service providers, Baxi by Onafriq, Microfinance Bank, FairMoney and licensed mobile money operator, KongaPay, have joined other banks and fintech on the Zone decentralised payment network. This builds upon the recent onboarding of Africa’s largest financial institutions such as First…