Nigeria


Finance

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.

MLS player Ifunanyachi Achara,

Markets

The NFT Craze Is Helping Nigerian Artists Go Global

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

"The Red Man" by Anthony Azekwoh

Markets

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.

Godwin Emefiele, governor of Nigeria's central bank

Markets

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.

Nigerian naira banknotes

Markets

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.

coins jars pensions savings

Videos

Peer-to-Peer Crypto Trading Is Expanding Across the Developing World

Bitcoin might be seen as more of an asset class in the Western world, but in countries like Nigeria it is becoming the currency of choice for day-to-day commerce.

CoinDesk placeholder image

Policy

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.

Nigerian naira banknotes

Markets

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.

Nigeria bitcoin