A cryptocurrency platform that enables Nigerians to buy and sell cryptocurrencies in Naira, founded by Moyo Sodipo and his team.
“I saw the crypto ban on social media, like everybody else”: Day 1–1000 of Busha
In late 2017, Moyo Sodipo faced frustrations in buying Bitcoin, leading to the creation of Busha. Busha launched to the public in 2019 after a private beta, aiming to make crypto transactions accessible for Nigerians.
Quidax joins Busha to list SEC-regulated cNGN stablecoin amid crypto push
Quidax received a provisional license in August 2024. cNGN, Nigeria's first regulated stablecoin, was listed by Quidax on March 12.
Nigeria to tax cryptocurrency transactions as government tightens digital asset rules
Nigeria is revising its digital asset regulations to include taxation of cryptocurrency transactions. The Central Bank of Nigeria lifted the ban on cryptocurrency transactions in December 2023.
Nigerian crypto startup Busha lists cNGN, a consortium-led Naira stablecoin, plans rollout in phases
Busha secured a provisional licence from the SEC in August 2024 and listed the compliant NGN (cNGN) on its platform. cNGN is Nigeria's first private consortium-backed stablecoin, pegged 1:1 to the Naira.
