June 25, 2025

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Senate Urges Crypto Regulation in Nigeria

  • June 13, 2025

The Senate Committee on Capital Market on Friday called on the Federal Government to regulate and formalise cryptocurrency trading in the country to protect investors and tap into Nigeria’s booming digital asset economy. Speaking during a media parley in Abuja, Chairman of the Committee, Senator Osita Izunaso, underscored the urgency of embracing digital finance, warning

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Crypto

Nigeria’s cryptocurrency transactions hit $59bn despite ban

  • March 15, 2025

Nigeria’s cryptocurrency transactions soared to approximately $59 billion between July 2023 and June 2024, despite the Central Bank of Nigeria (CBN) prohibiting crypto trading in 2021. This was according to a report by KPMG and blockchain analytics firm Chainalysis, which highlighted the growing role of crypto in Nigeria’s financial landscape. The report revealed that Nigeria

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