Nigeria


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)

Finance

Binance-Backed Crypto Payments App Launches as Race for Africa Heats Up

The payments app launched initially in Nigeria, but there are plans to expand to 30 African nations his year.

Credit: Shutterstock

Finance

Binance and Others Are Rushing to Provide Stablecoins to Nigerian Crypto Users

Here's how crypto exchanges are on-boarding unbanked users in Nigeria.

Binance Business Manager Emmanuel Babalola (second from left) at a crypto workshop with traders in Nigeria. (Photo courtesy of Binance)

Markets

Eyeing African Market, Binance Adds Nigerian Fiat-to-Crypto Gateway

Facilitated by payments network Flutterwave, the addition starts a new phase of Binance adding sub-Saharan fiat pairs.

nigeria, niara

Markets

Huobi Cloud Aims for 80 More Exchange Partners in Bid for Revenue Growth

The Huobi Cloud network of crypto exchanges wants to facilitate $55 million in daily volume by 2020.

Johannesburg, South Africa

Markets

US Prosecutors Charge 2 Foreign Nationals Over Bitcoin Investment Scam

Two Nigerian nationals have been indicted in the U.S. for wire fraud and money laundering relating to a fake bitcoin investment scheme.

Department of Justice, Washington, D.C., headquarters (Orhan Cam/Shutterstock)

Markets

Bitcoin Exchange Paxful Sees 20% 2018 Growth, Driven by Africa

Despite bitcoin's price volatility in 2018, P2P exchanges Paxful and LocalBitcoins each saw significant user growth in Africa.

african market

Markets

Nigeria's Central Bank Again Warns on Crypto Investments

The Central Bank of Nigeria has issued another warning to residents and financial institutions over the risk of cryptocurrency investments.

BTC

Markets

Nigerian Central Bank Director: Cryptocurrency Wave 'Cannot Be Stopped'

A representative of the Central Bank of Nigeria opened up about his views on cryptocurrency at a technology-specific conference this week.

nigeria, money

Markets

Nigeria: Banks That Handle Bitcoin Do So 'At Their Own Risk'

Nigeria’s central bank has a message for domestic institutions: don’t touch virtual currencies.

nigeria