Economy
Nigeria Records Highest Crypto Ownership, Use in 2022
By Adedapo Adesanya
A new research has revealed that Nigeria topped the countries with the highest rate of cryptocurrency use and ownership in 2022.
Nigeria, Africa’s largest economy, clinched the top spot, with almost half the population having used or owned cryptocurrency.
The study, conducted by an online casino guide Trading Browser, analysed data on crypto ownership and usage. The ranking was done via the percentage of the population that reported that they used or owned cryptocurrency each year from 2019 to 2022.
Nigeria tops the list, with 45 per cent of the population using or owning cryptocurrency in 2022. The nation boasts over 90 million people using cryptocurrency – that’s almost 150 per cent higher than the population of the United Kingdom.
From 2019 to 2022, Nigeria saw a 17 per cent total increase in ownership and use from 28 per cent to 45 per cent, equating to over 34 million people adopting cryptocurrency over the three years.
Coming in second place is Thailand. The Southeast Asian country has a massive 44 per cent of its population reporting to using or owning cryptocurrency – equal to just over 30 million people.
Despite being dwarfed by some of the other contenders on the list, Thailand has the biggest uptake in ownership and usage, with a huge 21 per cent increase from 23 per cent to 44 per cent. That’s equal to 14.6 million people, just over one in five of the population of the country, which is the highest percentage of the top ten.
The number three spot belongs to Turkey. The transcontinental country has 40 per cent of its population owning and using cryptocurrency in 2022, equal to over 33 million people. The adoption of cryptocurrency has doubled from 20 per cent to 40 per cent amongst the population from 2019 to 2022 – over 16 million people. This increase from 2019 to 2022 places Turkey second in terms of cryptocurrency uptake.
The first South American country on the list, Argentina, comes in fourth with an ownership and usage rate of 35 per cent in 2022 – almost 16 million people. This may well change in the near future, though, with several draft laws aimed at institutionalising and regulating various aspects of digital assets and the virtual currency industry.
In fifth place comes the United Arab Emirates (UAE). The UAE is hot on the heels of Argentina, with 34 per cent of the population owning or using cryptocurrency in 2022 – just over one in three people of the almost 10 million population.
Minister of State for Foreign Trade, Dr Thani Al Zeyoudi, said in a recent interview with Bloomberg that a key area the UAE is looking to expand into, is cryptocurrencies. So, this might well mean that the 34 per cent figure is set to increase over the coming years.
The remainder of the top ten features the Philippines in sixth place with 29 per cent (15 million) of its population using or owning cryptocurrency. Vietnam is in seventh place with 27 per cent of the population, equalling just over 26 million people using or owning cryptocurrency.
Surprisingly, in joint eighth place, the country with the highest population in the top ten, India, is matched with the country with the lowest population in the top ten, Singapore. Both nations have a rate of 25 per cent of the population owning or using cryptocurrency in 2022, over 341 million and almost 1.5 million, respectively.
In ninth place is Brazil. The second South American country of the top ten has the lowest rate of cryptocurrency ownership and use at only 24 per cent – just over 51 million of the population. Last place in the top ten is South Africa, with a usage and ownership ship of 23 per cent, working out to over 13 million people.
Surprisingly, the United States ranks 22nd on the list, with only 16 per cent of the population owning or using cryptocurrency. That’s equivalent to just over one in six people. The United Kingdom ranks even lower, coming in at 50th place with only 11 per cent of the country owning or using cryptocurrency – equal to just over 7 million people.
Commenting on the findings, a spokesperson for Trading Browser said, “The information presented in the data offers valuable perspectives on the industry’s current status, specifically emphasizing the increasing adoption of digital assets worldwide. It is positive to observe various countries making strides in terms of cryptocurrency regulation and infrastructure. It is hoped that this data will contribute to the further development and widespread acceptance of digital assets.”
The study was conducted by Trading Browser, a one-stop solution for cryptocurrency traders and investors. They have a dedicated team of experienced crypto professionals on hand to guide and help people through cryptocurrency trading. They also provide information on the market, best practices for trading, and useful tools and resources for making informed decisions.
By Aduragbemi Omiyale
Shares of First Holdco Plc worth N45.0 billion issued through a private placement have been listed on the Nigerian Exchange (NGX) Limited.
A circular issued by the Head of Issuer Regulation Department of the NGX Regulation Limited, Mr Godstime Iwenekhai, disclosed that the equities were admitted for trading at the stock market on Monday.
According to the notice, the additional shares brought for listing to rank pari passu with existing shares of the organisation were 1,021,334,544 units.
These stocks were sold to one of the company’s major shareholders at a unit price of N44.06, amounting to N45.0 billion.
The total issued and fully paid-up shares of First Holdco, as a result of this listing, are now 45,475,027,677 ordinary shares of 50 Kobo each.
“Trading licence holders are hereby notified that an additional 1,021,334,544 ordinary shares of 50 Kobo each of First Holdco Plc were on Monday, June 22, 2026, listed on the daily official list of Nigerian Exchange Limited.
“The additional shares listed on NGX arose from the company’s private placement of 1,021,334,544 ordinary shares of 50 Kobo each at N44.06 per share.
“With the listing of the additional shares, the total issued and fully paid-up shares of First Holdco Plc have now increased to 45,475,027,677 ordinary shares of 50 Kobo each from 44,453,693,133 ordinary shares of 50 Kobo each,” the disclosure stated.
By Adedapo Adesanya
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has approved fresh import licences for petrol and diesel for the third quarter of 2026 (July – September) to prevent potential supply shortages in the domestic market.
According to a report by global energy intelligence firm, Argus Media, the latest approvals were issued to major downstream operators amid declining fuel stock levels and concerns over reduced petrol production at the 700,000 barrels per day Dangote Petroleum Refinery in Lagos.
The move comes as Nigeria continues to balance increasing local refining capacity with the need to guarantee adequate supplies of petroleum products across the country.
According to the Argus report, domestic firms, including AA Rano, AYM Shafa, Bono Energy, Nipco, Matrix Energy and Pinnacle Oil, received permits to import Premium Motor Spirit, popularly known as petrol, during the July-September period.
The publication further reported that the same companies, with the exception of Nipco, were granted approvals to import Automotive Gas Oil, commonly known as diesel. The fresh approvals follow an earlier batch of petrol import permits issued by the regulator in May, covering about 720,000 metric tonnes.
Quoting a regulatory source, Argus noted that many of the companies granted the latest approvals were among those that had received permits in previous rounds. “These are some of the same ones that previously received the PMS permits,” the source was quoted as saying.
It was also claimed that AA Rano and Matrix Energy each received approvals to import 180,000 metric tonnes of petrol. AYM Shafa received approval for 120,000 metric tonnes, while Pinnacle Oil received a permit covering 150,000 metric tonnes.
For diesel imports, Argus reported that AYM Shafa obtained a permit for 60,000 metric tonnes, while Pinnacle secured approval for 45,000 metric tonnes. The report stated that the import approvals were issued only recently, after being delayed from an initial target date of June 15.
By Adedapo Adesanya
Three securities weakened the NASD Over-the-Counter (OTC) Securities Exchange by 1.01 per cent on Tuesday, June 23, dragging the market capitalisation down by N25.91 billion to N2.544 trillion from Monday’s N2.570 trillion. Also, the NASD Security Index (NSI) decreased by 43.17 points to 4,239.34 points from 4,282.51 points.
The triplet price losers were Central Securities Clearing System (CSCS) Plc, which gave up N4.82 to trade at N75.00 per unit versus Monday’s closing price of N79.82 per unit. NASD Plc depreciated by N3.70 to close at N33.30 per share compared with the preceding day’s N37.00 per share, and Nitrox Industrial Gases Plc marginally lost 1 Kobo to sell at N21.41 per unit, in contrast to the previous session’s N21.42 per unit.
Tuesday’s trading data showed that the volume of securities traded by investors retreated by 35.9 per cent to 211,671 units from 330,034 units, and the value of securities fell by 82.9 per cent to N5.6 million from N32.7 million, while the number of deals doubled to 38 deals from 19 deals.
At the close of trades, Great Nigeria Insurance (GNI) Plc was the most traded stock by value on a year-to-date basis, with 3.4 billion units worth N8.4 billion, followed by Infrastructure Credit Guarantee (Infracredit) Plc with 2.3 billion units valued at N6.5 billion, and CSCS Plc with 68.1 million units transacted for N4.7 billion.
GNI Plc also closed the trading day as the most traded stock by volume on a year-to-date basis, with 3.4 billion units valued at N8.4 billion, trailed by Infracredit Plc with 2.3 billion units exchanged for N6.5 billion, and Resourcery Plc with 1.1 billion units sold for N415.7 million.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn
Pingback: Nachhaltigen Entwicklung (SDG16) schreitet unaufhalsam voran – Wir sind jetzt jetzt hier! – „Durchsetzung der digitalen Identität“ – Welt25
Pingback: 11 Ways To Make Money With Ethereum in Nigeria – Business Post Nigeria - Bittyswap
Pingback: Part 2 — Enforcing Digital Identity – IndieNewsNow