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Nigeria Tops Global Crypto Data With 99% Awareness: ConsenSys Report

by Crypto Oracle September 4, 2023

A recent survey shows Nigeria as the most crypto-savvy nation ahead of the United States and European countries. According to a new report from YouGov and ConsenSys, Nigeria’s crypto awareness stands at 99% as the country leads in digital asset knowledge and perceived investment…

Industry News

Patricia exchange raises exit scam fears after converting user funds to native token

by 'Femi Michael August 31, 2023

CG Home » Business » Nigeria: Patricia exchange raises exit scam fears after converting user funds to native token Nigeria: Patricia exchange raises exit scam fears after converting user funds to native token BUSINESS8 HOURS AGO Steve Kaaru A Nigerian digital asset trading platform has sparked exit scam…

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Nigeria adopts blockchain to fight certificate forgery in NYSC

by 'Femi Michael August 20, 2023

Home » Business » Nigeria adopts blockchain to fight certificate forgery in National Youth Service Corps Nigeria plans to leverage blockchain technology to issue certificates to graduates of its National Youth Service Corps (NYSC), the country’s IT development head recently revealed. Kashifu Inuwa Abdullahi, the Director General…

Industry

Nigeria emerged the highest level of cryptocurrency interest in Africa

by Terry Kunle August 19, 2023

Nigeria has emerged as the African country with the highest level of cryptocurrency interest currently accounting for a significant portion, approximately 66.8%, of the total crypto interest in the continent year to date (YTD), latest report reveals. This figure is nearly eight…

Industry

Nigeria’s OPay takes the lead in the Fintech landscape, earning CNBC and Statista global ranking as the only Nigeria digital platform in the Digital Payment Category.

by Terry Kunle August 11, 2023

In a resounding achievement, OPay has surged to the forefront of Nigeria's fintech realm, securing an esteemed position as the sole Nigerian digital payments platform on CNBC and Statista's esteemed ranking. From around the world, encompassing a diverse spectrum of financial applications,…

News

Nigeria will issue certificates for the National Youth Service Corps using blockchain to combat fraud.

by Ridwan Ridwan August 10, 2023

The DG then visited our office. He requested our assistance, and we agreed to work with them to create a blockchain certificate authentication system that will enable individuals to review and validate all NYSC certifications. - NITDA Director General The National Youth…

News

Ban on 18 Companies Lifted by the Central Bank of Nigeria for “Dealing in Crypto” and Weakening the Naira in 2021.

by Ridwan Ridwan August 7, 2023

Several local sources state that the Central Bank of Nigeria has withdrawn sanctions against a number of fintech and FX players that were imposed in 2021 during the crypto ban period. The 440 individuals and businesses' bank accounts were subject to a…

Industry

Duplo Report Shows Africa’s B2B Payment Sector Holds Vast Potential for Growth and Innovation

by Terry Kunle August 1, 2023

A new report by Duplo, a prominent business payment platform for African businesses, reveals that Nigeria is trailing South Africa and Kenya in the development of key Business-to-Business (B2B) payment processes across the African continent. The "Exploring the State of B2B Payments…

News

Nigeria’s SEC Reiterates Warning Against Crypto Exchange Binance, Citing Regulatory Concerns

by Terry Kunle July 31, 2023

The Security and Exchange Commission (SEC) of Nigeria has once again cautioned Nigerians against engaging in investments with the popular cryptocurrency exchange, Binance. In a recent statement released on Friday night, the SEC reiterated its earlier circular dated 9th June 2023, highlighting…

News

The eNaira’s Near Field Communication (NFC) technology is integrated by the Central Bank of Nigeria.

by Ridwan Ridwan July 26, 2023

The Central Bank of Nigeria (CBN) has unveiled new features for the eNaira, its central bank digital currency (CBDC), with the goal of boosting the digital currency's service offerings and fostering public acceptance of its use. The eNaira has been updated to…