Economy
47% of Nigerians Use Crypto—Survey
By Adedapo Adesanya
Nigeria is one of the countries leading cryptocurrency adoption, with 47 per cent of the population owning or using digital currencies daily, according to a global survey.
According to Statista Global Consumer Survey, consumers from countries in Africa, Asia, and South America were most likely to own or use cryptos in 2023.
In Nigeria, where trading via official channels remains banned, the report showed that one out of three respondents in Nigeria uses digital currencies daily.
After a challenging 2022, the global crypto market revenue is expected to double and hit nearly $38 billion this year, and Nigeria may play a considerable role in that.
It was noted that more than half of that value would come from the United States and the United Kingdom, the world’s leading crypto markets. However, the two countries are not even in the top ten when talking about crypto adoption.
According to data presented by BitcoinCasinos.com, Nigeria, with a higher population, is top, while Turkey is ranked in second place, with 47 per cent of the population also owning or using digital coins.
The United Arab Emirates (UAE) follows with a 31 per cent crypto adoption rate, while Indonesia and Brazil round the top five list, with 29 per cent and 28 per cent, respectively.
The Statista data showed Western countries have four times smaller crypto adoption rates. It noted that around 16 per cent of the population in the United States uses or owns cryptocurrencies, ranking behind countries like Switzerland, South Korea, and Norway.
Germany, the United Kingdom, France, and Italy have even lower 12 per cent and 11 per cent crypto adoption rates in 2023.
Statistics show China and Japan have the smallest share of crypto owners in their population among all surveyed countries, 10 per cent and 6 per cent, respectively.
The Statista survey also showed some countries saw much bigger crypto adoption growth in 2023 than others, with Indonesia leading this chart, with a 10 per cent increase year-over-year and 29 per cent of its population now using or owning digital coins.
Turkey ranked second with a 7 per cent crypto adoption growth between 2022 and 2023, while Brazil and India followed, with a 5 per cent increase, respectively.
On the other hand, Argentina saw the biggest crypto ownership decline of 9 per cent, with 26 per cent of the country`s population now using cryptocurrencies, down from 35 per cent a year ago, and Japan’s share of crypto owners dropped by 7 per cent to only 6 per cent in 2023.
Recently, the Nigerian government approved the implementation of the National Blockchain Policy for Nigeria.
The new policy gives hope to Nigerian crypto traders and enthusiasts still reeling from the effects of the Central Bank of Nigeria (CBN)’s crypto ban directive, but analysts note that this does not mean the embargo will be lifted any time soon.
By Aduragbemi Omiyale
The pre-registration training and examination for capital market operators (CMOs) for the second quarter of 2026 has been postponed.
Business Post gathered that the new date for the exercise is now Monday, June 15, 2026.
This information was disclosed by the Securities and Exchange Commission (SEC) through a circular on Monday, June 8, 2026.
The Nigerian capital market regulator stated that this postponement has also resulted in the extension of the deadline for registration to Friday, June 12, 2026.
In the notice today, the SEC expressed its regret for the inconvenience this action may cause operators, who had prepared for the initial date of the training and examination.
“Further to the recent circular on Q2 2026 Pre-registration Training and Examination, the Securities and Exchange Commission (SEC) hereby informs all eligible applicants for the Q2 2026 Pre-registration Training and Examination that the commencement date has been postponed to Monday, June 15, 2026.
“Registration on the designated portal has also been extended to Friday, June 12, 2026. All other conditions contained in the circular remain unchanged.
“The commission regrets any inconvenience this postponement may cause and appreciates the understanding of all applicants,” the disclosure noted.
By Aduragbemi Omiyale
One of the leading healthcare firms in Nigeria, Fidson Healthcare Plc, has listed additional shares on the Nigerian Exchange (NGX) Limited.
The new stocks absorbed into the stock market were 600 million units, raising the total issued and fully paid-up shares of Fidson to 3,000,000,000 ordinary shares of 50 Kobo each from 2,400,000,000 ordinary shares of 50 Kobo each.
The fresh equities came from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share.
They were issued to existing investors on the basis of one new ordinary share for every existing four ordinary shares held as of the close of business on Wednesday, November 12, 2025.
Confirming the development, the regulator in a notice said, “Trading licence holders are hereby notified that an additional 600,000,000 ordinary shares of 50 Kobo each of Fidson Healthcare Plc were on Tuesday, June 2, 2026, listed on the daily official list of Nigerian Exchange Limited.
“The additional shares arose from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share on the basis of one new ordinary share for every existing four ordinary shares held as at the close of business on Wednesday, November 12, 2025.
“With the listing of the additional 600,000,000 ordinary shares, the total issued and fully paid-up shares of Fidson Healthcare Plc have now increased from 2,400,000,000 to 3,000,000,000 ordinary shares of 50 Kobo each.”
By Modupe Gbadeyanka
This news will surely excite local contractors with verified claims of N100 million or less, as the federal government has approved their payments.
This approval for the disbursement was given by the Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele.
This followed a verification and reconciliation exercise designed to ensure only validated claims qualify for payment.
The beneficiaries cover contractors across multiple ministries, departments and agencies. The release of the funds is expected to enable contractors to return to project sites, pay workers, settle suppliers and meet outstanding financial commitments.
In an announcement on Monday, the Federal Ministry of Finance also said this latest batch of payments would ease liquidity pressure on small businesses and accelerate economic activity nationwide.
It was noted that the payments for verified claims of N100 million below were strategically done to spread economic impact broadly rather than concentrate disbursements among a handful of large firms.
The payments form part of a broader push to clear inherited contractor obligations, with over N700 billion verified in recent months.
“For many beneficiaries, the release of funds represents more than a financial transaction. It provides the certainty needed to sustain operations, preserve jobs, complete ongoing projects, and contribute to economic recovery and growth,” the ministry said in a statement.
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