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Report: Bitcoin Mining Project Initiates Construction of Hydro-Powered Facility in Nigeria
21.11.2023
A Nigerian startup named Trojan Mining is constructing a hydro-powered facility dedicated to bitcoin (BTC) mining in the African country, according to a recent report. Over the weekend, Trojan unveiled the creation of its mining container, locally produced and designed for a 500-kilowatt (KW)...
Nigerian City of Lagos Among the World’s Top 20 Crypto Hub Cities — Study
8.2.2023
According to the findings of a study by Recap, the crypto asset management firm, the Nigerian city of Lagos is ranked among the world’s top 20 crypto hub cities. Besides Lagos, five more African cities, namely the Angolan city of Luanda, Nigeria’s Ibadan, and three South African cities...
Chairman of Nigerian Economic Crimes Commission: Crypto Growth Is a ‘Far Greater Danger to the World Economy’
8.9.2021
The chairman of Nigeria’s Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, has singled out the growth of cryptocurrencies as something that now poses “a far greater danger to the world economy.” Therefore, in order to deal with such dangers or threats, Bawa...
Official Remittances to Nigeria Plummet by Almost 40% in a Year When Crypto Use Surged
14.5.2021
According to the latest data from the World Bank, international money transfers into Nigeria dropped by nearly 40% from $23.8 billion recorded in 2019 to $17.2 billion in the past year. Yet despite this fall, remittances, which account for 4% of the country’s GDP, still remain an important...
P2P Bitcoin Traders in Nigeria Think Outside the Box in the Wake of CBN Restrictions
18.4.2021
After the Central Bank of Nigeria issued a directive targeting the country’s cryptocurrency industry, bitcoin and altcoin trade volumes on centralized exchanges immediately plunged. Nevertheless, the new regulations seem to have succeeded in boosting crypto trade volumes on informal markets...
Nigeria Crypto Ban: Stakeholder Body, Politicians Assail Central Bank’s Directive to Financial Institutions
16.2.2021
A body representing cryptocurrency and blockchain stakeholders in Nigeria has joined other crypto industry players in assailing the recent Central Bank of Nigeria (CBN) directive to banks. The CBN order, which seeks snuff out crypto entities from the banking system, took effect on February 5, 2020....
Bitcoin adoption in Nigeria soars as central bank blocks remittances in Naira
18.12.2020
The Central Bank of Nigeria’s “Naira defense” policy is pushing more Nigerians towards Bitcoin and crypto adoption
Nigeria Protests Show Bitcoin Adoption Is Not Coming: It’s Here
21.10.2020
Blockchain is gaining traction fast in Nigeria partly because its young and tech-savvy population is showing an eagerness to learn more about Web3.0, a decentralized internet powered by blockchain technology
Nigeria Is Developing Strategies for National Blockchain Adoption
15.10.2020
Nigerian authorities are developing a roadmap for the adoption of blockchain technology in public administration and payments on a national scale
Unconfiscatable? Using Bitcoin to Resist Police Extortion in Nigeria
26.8.2020
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
Nigerians Are Using Bitcoin to Bypass Trade Hurdles With China
13.8.2020
Nigerian entrepreneurs are increasingly using bitcoin as a way to trade internationally, noting its significant benefits over legacy financial systems
This Bitcoin Documentary From Africa Is Streaming on Amazon Prime
20.5.2020
A new documentary – “Banking on Africa: The Bitcoin Revolution” – explores the role of cryptocurrencies in African economies
Why Binance and Akon Are Betting on Africa for Crypto Adoption
6.5.2020
Demand for bitcoin is surging in Ghana, Nigeria and Kenya, attracting investment from the cryptocurrency exchange Binance and a token project by Akon
Whenever Bitcoin Prices Go Up or Down, Google Searches Soar
26.12.2019
Statistical data suggests a clear link between Bitcoin’s price movements and consumer interest in the form of Google searches
Nigerian Crypto Educator Returns $80K in Bitcoin Received by Mistake
18.9.2019
Keith Mali Chung, a Nigeria-based cryptocurrency educator, has returned 7.88 BTC that was mistakenly transferred to his wallet