A cryptocurrency exchange platform in Nigeria that offers trading services and has received regulatory approval.
Zap Africa cuts 44% of workforce in AI-driven restructuring
Zap Africa cut 44% of its workforce in February 2026 as part of a restructuring effort. The layoffs affected roles across design, operations, marketing, and support teams.
After P2P pause, Nigeria’s Quidax turns to Lisk for regulated stablecoin rails
Quidax has partnered with Lisk to allow users to buy USDT, USDC, Ether, and Lisk coin on its platform. Quidax secured a provisional crypto licence from Nigeria’s SEC in August 2024.
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.
