Innocent Chizaram Ilo
Innocent Chizaram Ilo
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Nigeria can’t decide what to do about the rise and rise of cryptocurrency

Nigeria can’t decide what to do about the rise and rise of cryptocurrency

ByShare this storyWhen the Central Bank of Nigeria sent out a circular on February 5 warning the public about the dangers and risks of cryptocurrencies, it stirred local banks and the fintech community into a frenzy. In one stroke, the central bank seemed to have barred financial institutions from dealing in or enabling crypto transactions.“It’s a crazy one,” said Lightson Ogwor, a 25-year-old graphic designer based in Enugu, a city in Nigeria’s southeast. Ogwor, who has been trading cryptocurrencies since 2016, is one of a growing number of tech-savvy young Nigerians who have turned to...

March 11, 2021
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Nigerians don’t trust the government to respond to emergency calls. So they created apps instead.

Nigerians don’t trust the government to respond to emergency calls. So they created apps instead.

ByShare this storyBryan was on the way to a recording studio with his friends last year when the police stopped them, asked to see their IDs, and threw them into the back of a van. “They took my phone, asked what I do for a living, and why I was dressed the way I was,” said the 22-year-old musician, who requested that his last name be withheld out of concern for his safety. “They asked why I was using an iPhone — we were all using iPhones — and searched my pockets and fanny pack for money. Unfortunately, I had a bundle of cash to pay for the recording session and the Uber back home....

October 24, 2020
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