Nigeria


Tech

Decentralized VPN Sees Increased Use in Nigeria Amid #EndSars Protests

Nigerians are protesting police corruption and concerns about a possible internet shutdown have driven some to adopt decentralized VPNs like Mysterium.

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Finance

Binance Labs–Backed ‘DeFi Credit Union’ Bringing Higher Yields to Savers in Nigeria

With backing from Binance Labs, Nigeria's Xend Finance is looking to bring DeFi to the world of local credit unions.

Xend Finance founder and CEO Aronu Ugochukwu (center)

Tech

Nigerian Banks Shut Them Out, so These Activists Are Using Bitcoin to Battle Police Brutality

As End SARS protests against police brutality surge through Nigeria, the Feminist Coalition has turned to bitcoin as a financial lifeline.

EndSARS protest

Policy

Nigeria Is Developing Strategies for National Blockchain Adoption

Nigerian authorities are developing a roadmap for the adoption of blockchain technology in public administration and payments on a national scale.

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Policy

Nigeria's SEC Says All Crypto Assets Are Securities by Default

The Securities and Exchange Commission of Africa's most populous country said all crypto assets will fall under the regulation that covers securities exchanges and transactions.

Lagos, Nigeria

Tech

Unconfiscatable? Using Bitcoin to Resist Police Extortion in Nigeria

It's common in Nigeria for police officers to threaten and extort citizens for whatever money they can find. This man uses bitcoin as a hiding spot.

Nigeria bitcoin

Tech

Nigerians Are Using Bitcoin to Bypass Trade Hurdles With China

Nigerian entrepreneurs are increasingly using bitcoin as a way to trade internationally, noting its significant benefits over legacy financial systems.

(Ayoola Salako/Unsplash)

Markets

This Bitcoin Documentary From Africa Is Streaming on Amazon Prime

A new documentary – “Banking on Africa: The Bitcoin Revolution” – explores the role of cryptocurrencies in African economies.

An image from “Banking on Africa: The Bitcoin Revolution.” (Credit: Tamarin Gerriety)

Markets

Why Binance and Akon Are Betting on Africa for Crypto Adoption

Demand for bitcoin is surging in Ghana, Nigeria and Kenya, attracting investment from the cryptocurrency exchange Binance and a token project by Akon.

Hip-hop artist Akon is the latest celebrity to join the cryptocurrency industry, setting his sights on Africa with his Akoin token project. (Credit: Shutterstock)