A cryptocurrency exchange platform in Nigeria that offers trading services and has received regulatory approval.
Nigeria made $276 million taxing digital payments. Crypto withdrawals are next
Nigeria's EMTL collections rose to ₦392.78 billion ($276.29 million) in the first 11 months of 2025, doubling from ₦189.52 billion ($133.31 million) in 2024. The government plans to extend the EMTL to crypto withdrawals, viewing it as a predictable revenue source.
Quidax discontinues P2P trading as Nigeria’s crypto rules tighten
Quidax has discontinued its peer-to-peer (P2P) trading feature after five months of operation. The decision was influenced by user preference for faster trading options like instant swaps and order-book trading.
More than 90% of Nigeria’s crypto market is dominated by Binance, Bybit, and WhatsApp P2P as local exchanges scramble for market share — Report
Nearly 80% of Nigerians use Binance for their crypto needs. International exchanges dominate Nigeria's centralized crypto market, accounting for about 90% of the market share.
85% of crypto investors in Nigeria earn below ₦250k
85% of Nigeria’s retail crypto investors earn below ₦250,000 per month. Students make up 43% of Nigeria’s crypto population.
Apex Network wants to make crypto-to-cash seamless across Africa
Apex Network launched in 2020, initially focusing on digital and financial services. In 2021, the company introduced a crypto-to-cash and gift card exchange system to address the risks of cashing out cryptocurrencies in Nigeria.
