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The Central Bank of Nigeria has been warning citizens since 2018 of the risks associated with investing in cryptocurrency, which is not considered legal tender in the country. The bank said that it banned cryptocurrency-related transactions because it is being used for money laundering and terrorist activities.

  • While Nigeria’s Securities and Exchange Commission turns its attention to regulating digital currency and crypto-based companies, other African countries, including South Africa, … Read more »

  • With a decline in Bitcoin seeing many Nigerians pull back on their losses in the cryptocurrency market, does Africa still represent the next frontier of the virtual currency … Read more »

  • The Central Bank of Nigeria has cautioned Nigerians to be wary of investments in cryptocurrency, stressing that virtual currencies are not legal tender in Nigeria. Read more »

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