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There are four startups that allow Nigerians to invest in shares of public companies on US exchanges. But unlike Trove, Bamboo, and Chaka, Risevest’s app is not for users who want to trade stocks; instead the company itself invests on users’ behalf. On July 22, Risevest said its stock portfolio and real estate plan
With 60,215 bitcoins, valued at more than $566 million which, apart from the US, zNigeria is 2nd largest bitcoin market in the world followed by China as the third Naija247news seen on Paxful, a leading peer-to-peer bitcoin marketplace. The data scraped from Coin Dance shows from the beginning of May 2015 to the middle of November this year, bitcoin trade in Nigeria have increased yearly at least 19% in volume since 2017, and the highest volume (20,504.50) was traded in 2020. Bitcoin trade had its highest spike of 30% this year during the national lockdown in the country and the highest volum...
December 18, 2020 During the police brutality protests in Nigeria in October, bitcoin saved the day when the government shut out protesters from using local payment platforms for collecting donations to support it. The young, tech-savvy protesters quickly switched to using bitcoin, and in about a week bitcoin accounted for around 40% of the nearly $400,000 raised. It was just one high-profile example of how young Nigerians increasingly use bitcoin to navigate a complicated and restrictive banking and monetary system. In the last five years, Nigeria has traded 60,215 bitcoins, valued at more ...