Nigeria's National blockchain policy has been implemented, generating excitement and interest among the country's tech industry stakeholders. The policy provides a regulatory framework, instills investor confidence, drives market development, protects consumers, and fosters international collaboration. It has the potential to increase transparency, efficiency, and security in various industries such as finance, healthcare, and real estate, as well as creating new job opportunities and contributing to the growth of the Nigerian digital economy. Domineum, a blockchain-based platform, can leverage the policy to offer solutions for land registry, property management, identity management, and supply chain management, which can improve transparency and efficiency in these processes. Co-founder Mohammed Ibrahim Jega believes that Domineum's innovative solutions can drive the adoption and implementation of blockchain technology in Nigeria.

According to a recent study by Coingecko, the United States is leading the hype for meme coins in 2023, with Shiba Inu being the most popular coin, followed by Baby Doge Coin, Pepe, Floki, and Bonk. India is in second place, with Shiba Inu also being the most prominent coin, followed by Baby Doge Coin. Nigeria and Morocco are the only African countries featured in the top ten, with Nigeria ranking fifth and showing interest in lesser-known meme coins such as Floki and ArbDoge AI, as well as Dogelon Mars. Meanwhile, Morocco's interest is mainly focused on Dogecoin.

The Nigerian government has approved a national blockchain policy, which has been welcomed by the country's crypto community. The policy is expected to facilitate the development of Nigeria's digital economy and could have implications for governance and policy-making, digital identity management, e-payments and billings. The government has also instructed relevant regulatory bodies to create regulatory frameworks for the implementation of blockchain technology in different sectors of the economy. The policy has been praised for its comprehensive approach and potential to encourage innovation, investment and economic growth.

Nigeria’s Federal Ministry of Communications and Digital Economy (FMCDE) has approved the National Blockchain Policy as the country doubles down on creating a blockchain-powered economy.

The cryptocurrency's dominance rate, which measures Bitcoin's share of the total cryptocurrency market capitalization, has risen to over 50%, its highest level in months.

Nigeria has reportedly approved a national policy to create a blockchain-powered economy. The policy is aimed at promoting the use of blockchain technology to drive innovation, economic growth, and job creation in the country. The policy outlines a number of key objectives, including the creation of a regulatory framework for blockchain and cryptocurrency, the development of blockchain-based applications in various sectors, and the promotion of blockchain education and research. The move is seen as a positive step for the cryptocurrency and blockchain industry in Nigeria, which has been facing regulatory challenges in recent years.

The Nigeria Securities and Exchange Commission (SEC) will allow tokenizing assets like equities, property, and debt.

Nigeria's Securities and Exchange Commission (SEC) is considering allowing licensed digital exchanges to list tokens backed by assets like equity, debt, or property. Cryptocurrencies like Bitcoin or Ether will not be among those assets, according to SEC head of securities and investment Abdulkadir Abbas. The SEC aims to register fintech firms as digital sub-brokers, crowdfunding intermediaries, fund managers, and tokenized coins issuers, but crypto exchanges will not be registered until the central bank provides clear regulations for the market.

Alchemy Pay has announced that it now supports domestic bank transfer payments for crypto purchases in Nigeria.

Peer-to-peer Bitcoin marketplace Paxful has announced that it will shut down, directing users to retrieve their funds from its platform.