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Blockchain Tech in Nigeria

Nigerian Stock Exchange to adopt Blockchain operation by 2023

Oluwajuwonlo Afolabi profile image
by Oluwajuwonlo Afolabi
Updated
Nigerian Stock Exchange to adopt Blockchain operation by 2023
Photo by Tezos / Unsplash

The Nigerian Stock Exchange Ltd. has revealed its plans to become blockchain-enabled in operations by 2023, to attract young investors to the market.

  • The digital step-up is coming after the Nigerian Security and Exchange Commission introduced regulations to guide the digital trading of assets.
  • The settlement of capital market transactions will be deployed on blockchain technology, claims the firm's chief executive, Temi Popoola.
  • Crypto transaction, a necessity for blockchain activities is largely considered a threat to the financial system in the country, even as the Exchange prepares to scale digitally.
Oluwajuwonlo Afolabi profile image
by Oluwajuwonlo Afolabi
Updated

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