The Naira, the official currency of Nigeria, has been experiencing a rapid devaluation in recent years, reaching a record low of 570 naira per US dollar in November 2021 and currently exchanging for N765/$1. This has been driven by various…
Bitcoin trading in Nigeria is a popular and lucrative activity for many people in the country. Nigeria has the highest percentage of cryptocurrency users in the world, according to a 2020 survey by Statista. The reasons for this include the…
The Nigerian Crypto Community have witnessed a massive buzz in the last weeks, owing to the rise of $WKC and DTG -1.37% meme inspired tokens. Prominently, WikiCat Coin and Defi Tiger Token has exceeded expectations, the rebase tokens started off…
More regulation of the Cryptocurrency and Blockchain space is coming. In fact, 2023 may see it coming in hard as governments front run the pilots of Central Bank Digital Currencies. With India and Nigeria doing just that, and with the…
Recently conducted poll by the business data firm Morning Consult in conjunction with Bloomberg and World Bank shows, more than half of Nigeria and Turkey’s adult populations trade cryptocurrency monthly. Furthermore, India had the largest population involved in crypto, with…
