Nigeria

Nigerian Regulator Warns Against Crypto Transactions Since They’re ‘Not Insured’

5 months ago kakp2 Comments Off on Nigerian Regulator Warns Against Crypto Transactions Since They’re ‘Not Insured’
Nigerians have been warned by the Nigeria Deposit Insurance Corporation (NDIC) against the use of cryptocurrencies because the Central Bank of Nigeria (CBN) does not recognize them as legitimate currency, local news outlet Business Post Nigeria reported yesterday, March 23. Business Post Nigeria notes that this is not the first warning against cryptocurrencies, as “various Read More

Nigerian car culture is part identity, longing, and status

9 months ago adcity Comments Off on Nigerian car culture is part identity, longing, and status
Toward the end of Chimamanda Adichie’s best-selling novel Americanah, Ifemelu, a Nigerian woman who has just returned to Lagos after over a decade of living in America, sits beside her ex-boyfriend as they drive to his private club in upscale Victoria Island. Adichie writes that Ifemelu “would remember this moment, sitting beside Obinze in his Read More

Is it really any easier to do business in Nigeria?

9 months ago adcity Comments Off on Is it really any easier to do business in Nigeria?
Last December, Tope Akindele, took on a new challenge as an accountant with a new hotel in Ondo, in Nigeria’s southwest. The big hope for the business was to find its feet quickly and look towards turning a profit but less than a year later, it’s unlikely that’ll be the case soon. “At the end Read More