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Tag: Nigerians
Nigerians Turn to Bitcoin Amid Fiat Scarcity
HodlX Guest Post Submit Your Post As of January 29, 2023, Nigeria, the most popular Black nation on earth, with a population of over 200 million people, tops the search for ‘buy Bitcoin‘ on global ...
Less than 0.5% Nigerians have used the country’s CBDC e-Naira a year after its launch
Nigeria’s Central Bank Digital Currency (CBDC) e-Naira is failing because of low adoption rates while the government is trying to drive adoption higher, Bloomberg News reported. The E-Naira was launch...
Over 30,000 Nigerians to Learn About Blockchain From Government Agency – Blockchain Bitcoin News
Nigeria’s National Information Technology Development Agency recently said it has launched a blockchain training program and over 30,000 people are set to participate. The objective of the training co...
Nigerians Shun eNaira CBDC and Ruling Elite, Favoring ‘Real’ Crypto
The local Nigerian eNaira CBDC has been deployed for just over a year. However, recent figures show that it has not reached its intended recipients, and adoption is extremely low. Nigeria’s central ba...
Nigerians Can Now Pay Their Utility Bills With Bitcoin
– Advertisement – Cryptocurrency is now accepted for utility payments in Nigeria. Utility bills can now be paid in crypto in Nigeria Manilla Finance is a blockchain-based platform to fac...
Nigerians Rush to Buy Bitcoin Amid Economy Collapse (Report)
The crash of Nigeria’s national currency (naira) reportedly pushed many residents to turn to alternative assets such as bitcoin and stablecoins to preserve their wealth. The peer-to-peer exchange Loca...
Naira now has a third “crypto exchange rate” as Nigerians rely heavily on crypto
Nigeria’s exchange rate system dominated by the official and black-market rates now has a “crypto exchange rate” as a competitor since Nigerians have been accumulating crypto since 2020 due to low con...
Are Nigerians Moved by Federal Government Restriction on Crypto Transactions?
Despite the crypto restriction by the Federal Government of Nigeria, Nigerians traded a minimum of #77.75 billion ($185m) worth of Bitcoin between January and March 2022. It is over one year since the...
How Xend finance uses DeFi to liberate Nigerians
Xend Finance, arguably Nigeria’s first crypto DeFi platform recently celebrated it’s first anniversary in the country as it continues to drive crypto adoption among Nigerians. Ugochukwu Aronu, the CEO...
35% of Nigerians Have Entered the Crypto Market in the Last 6 Months, Study Shows
Nigerians are entering the crypto space because of the lack of affordable financial services and high inflation rates, given that 35% of them were engaged in this sector in the last six months, accord...
Nigerians attack Binance, trends #BinanceStopScamming
The largest crypto exchange by trading volume, Binance, is under fire from its users in Nigeria over the “unreasonable” closure of their accounts amidst other inappropriate activities carried out by t...
Nigerians Accuse Binance Of Blocking Users Accounts For No Reason
According to social media reports, Binance, the world’s largest cryptocurrency exchange, is restricting the accounts of African users, mainly Nigerians and those who use its peer-to-peer (P2P) exchang...