By 2025, an estimated 22 million Nigerians — about 10% of the population — now own or use crypto, up from just 0.4% a decade ago. Stablecoins (pegged to the USD) dominate, accounting for 43% of retail transactions under $1m — a hedge against inflation and naira volatility.

But here’s the catch: Most of this activity happens on foreign platforms like Binance, Tron, and Polygon. Transaction fees, liquidity, and custody services — all flow abroad. The value chain barely touches Nigeria’s economy.

The next challenge? Building local exchanges, custody infrastructure, and policy frameworks that keep the value — and innovation — at home. #CryptoMarket #Nigeria #Blockchain #Fintech #Stablecoins #digitaleconomyke businessday.ng/technology/art…

Nigeria’s cryptocurrency market is booming, but the country is barely reaping the benefits. Despite being one of the world’s top crypto adopters, most of the value created by this surge flows offshore through foreign exchanges and blockchain networks... businessday.ng/technology/art…

In the 1960s, when Nigeria’s public hospitals still gleamed with promise, a young man named Joe Okoro fell mysteriously ill in his hometown in Enugu State. For five long years, he moved from one native healer to another, swallowing herbs and... businessday.ng/health/article…

Nigeria’s hospitals were once the best, what happened? In the 1960s and 70s, Nigeria’s public hospitals were among the best in Africa. Teachers, surgeons and students came from all over the region to learn and be treated here. Today the story is very different. Many hospitals

In September 2025, the National Health Insurance Authority (NHIA) announced that 20 million Nigerians were now covered, up from 16.8 million in 2023. Progress has been made, but it still leaves more than 90 percent of the population uninsured... businessday.ng/pro/article/ho…

Five Kobo, Big Promise! A new idea proposes a N0.05 levy on every second of voice calls to fund Nigeria’s health insurance scheme, potentially raising N2trn yearly. Could telecoms hold the key to Universal Health Coverage? businessday.ng/pro/article/ho… NHIA NIGERIA ncc.gov.ng

Nigeria’s digital economy witnessed one of its most dramatic growth surges in 2024 as the Value-Added Services (VAS) segment recorded an unprecedented 470.74 percent jump in revenue, according to the newly released 2024 Year-End Performance Report of the Nigerian Communications

The cryptocurrency market staged a strong rebound on Wednesday, with meme coins once again emerging as the day’s biggest winners.Fresh data from SoSoValue showed the meme token sector jumping 4.28 percent, helping to lift overall market sentiment... businessday.ng/technology/art…

The cryptocurrency market showed early signs of stabilisation on Thursday, following a bruising six-week selloff that erased more than $1 trillion from digital-asset valuations and pushed Bitcoin to its lowest level since April... businessday.ng/technology/art…

Africa is accelerating a sweeping shift toward domestic health financing as donor support for the continent’s health systems collapses, with official development assistance plunging 70 percent since 2021... businessday.ng/health/article…

Africa’s estimated $100 billion credit shortfall for small and medium enterprises is forcing banks, telecom operators, and fintech startups into deeper and unexpected partnerships... businessday.ng/technology/art…

Global smartphone shipments climbed four percent year-on-year in the third quarter of 2025, buoyed by strong festive season demand, accelerated 5G upgrades, and a rising appetite for premium devices across emerging and mature markets... businessday.ng/technology/art…

Paystack, one of Africa’s most prominent fintech companies, has terminated the employment of its co-founder and chief technology officer, Ezra Olubi, following public allegations of sexual misconduct involving a junior employee. businessday.ng/technology/art…

The cryptocurrency market staged a mild but notable recovery in the early hours of Monday, after a turbulent week, with Bitcoin climbing back above $87,000 as investor sentiment improved following dovish signals from the U.S. Federal Reserve... businessday.ng/technology/art…

Africa’s technology ecosystem has recorded about 20 major exits valued above $50 million in the past decade, according to fresh insights from Africa: The Big Deal. businessday.ng/technology/art…

As Nigeria confronts a deepening security emergency that has claimed thousands of lives, displaced millions and crippled economic activities across the North-West and North-Central regions, a powerful weapon sits largely idle in orbit: the country’s own satellites.

Something is orbiting above Nigeria right now that could end the banditry nightmare almost overnight. We paid $700 million for it. It works perfectly. But almost nobody is using it. google.com/amp/s/business…

Nigeria may miss out on the $15 billion artificial intelligence (AI) boost due to digital skills gap prevalent among its youths, experts say. With 70 percent of Nigerian citizens under 35 years and 3.5 million new labour-market entrants every year... businessday.ng/technology/art…