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SEC: Nigeria’s crypto transactions hit $50bn in one year

October 27, 2025 at 07:18 AM

‎ ‎The Securities and Exchange Commission (SEC) says Nigeria’s cryptocurrency market has recorded $50 billion in transactions between July 2023 and June 2024. ‎ ‎In a statement on Sunday, Emomotimi Agama, the SEC director-general (DG), noted that the transactions starkly contrast the country’s traditional capital market, with fewer than 4 percent of adults...

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