Crypto

Nigerian Naira Gasps For Air, Tumbles to N1,459/$1 at Official Market

May 10, 2024

By Adedapo Adesanya The Nigerian Naira continued its free-fall against the US Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Thursday, May

Economy

The Nigerian Government’s Crypto Crackdown and the Role of USDT

February 29, 2024

Adedapo Adesanya

In the last couple of weeks, Nigeria has found itself at the centre of a currency crisis, with the value of the Naira drastically

Economy

Naira Gains at Official Market, Loses at Black Market, Peer-to-Peer

February 16, 2024

Adedapo Adesanya

By Adedapo Adesanya Latest moves by the Central Bank of Nigeria (CBN) to bring stability and improve liquidity in the foreign exchange (FX) market

Economy

Why Cryptocurrency Trading Has Begun to Feature Prominently in the Nigerian Marketplace

February 6, 2024

Dipo Olowookere

Similar to many African nations, Nigeria is currently in the midst of a digital revolution. More individuals have access to the Internet than ever

Economy

Naira Value Strengthens at NAFEM, Falls at Black Market

January 19, 2024

Adedapo Adesanya

By Adedapo Adesanya The Naira appreciated against the US Dollar in the Nigerian Autonomous Foreign Exchange (NAFEM) on Thursday, January 18 as the Central

Economy

Naira Drops 1.8% to N890.45/$1 at Official Market, as BTC Further Falls

January 13, 2024

Adedapo Adesanya

By Adedapo Adesanya The Naira had a bad day in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Friday, January 12 as its value

Economy

47% Nigerians Actively Involved in Crypto Trading—Survey

December 7, 2023

Adedapo Adesanya

By Adedapo Adesanya Forty-seven per cent of Nigerians are actively engaged with crypto, a new study shows as the country finds safety in the

Economy

Residents of Nigeria, Turkey, and UAE Most Likely to Own Crypto

December 6, 2023

Business Post Contributor

Cryptocurrencies, including Bitcoin and various alternatives, are no longer just investments for speculation. They represent a significant change in how people view and use

Economy

Navigating the Winds of Change: Crypto Trading in Nigeria Faces New Tax Realities

November 1, 2023

Dipo Olowookere

In the dynamic landscape of Nigeria’s economy, crypto trading has emerged as both a refuge and a challenge amid currency devaluation and economic uncertainties.

Economy

Naira Appreciates as FX Market Expects Bailout Liquidity

October 28, 2023

Adedapo Adesanya

By Adedapo Adesanya The Naira appreciated against the US Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Friday, October 27 as expectations

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