Business
Nigeria Leads Global Stablecoin Adoption In 2025
The 2025 Report on the State of Digital Assets Regulation in Africa, just released by Yellow Card, has ranked Nigeria as the leading country in the adoption of stablecoins globally.
The country also emerged as the second in the world in overall digital asset usage, coming behind India, according to the report by Africa’s leading licensed stablecoin payments orchestrator.
The report, described as the most comprehensive analysis of digital asset regulation on the continent, highlights how Nigerians are leveraging blockchain-based financial tools, particularly USD-denominated stablecoins, for a variety of practical use cases, including cross-border payments, currency hedging, and access to U.S. dollars.
Nigeria has 25.9 million digital asset users
According to the findings, Sub-Saharan Africa boasts the world’s highest stablecoin adoption rate at 9.3%, with Nigeria leading the pack.
The country has an estimated 25.9 million digital asset users, reflecting an 11.9% penetration rate, positioning it as the second-largest market for digital assets globally, behind only India.
Yellow Card’s report attributes this widespread adoption to Africa’s unique macroeconomic and financial challenges, where stablecoins offer a reliable alternative amid currency devaluation, inflation, and costly remittance channels.
“Stablecoins have become an increasingly critical tool for Africans seeking more efficient and accessible financial solutions. Nowhere is this more evident than in Nigeria.
“Nigeria’s leadership in stablecoin adoption and digital asset usage is not just a tech milestone; it’s a signal of how financial innovation can thrive in response to local needs. The rest of Africa is clearly following,” said Yellow Card.
Africa’s growing digital asset footprint
Beyond Nigeria, nine other African countries feature in the global top 50 for digital asset adoption: Ethiopia (26th), Morocco (27th), Kenya (28th), South Africa (30th), Uganda (34th), Algeria (43rd), Egypt (44th), Ghana (46th), and the Democratic Republic of the Congo (48th).
- Despite regulatory uncertainty in some of these countries, including outright bans or restrictions in Algeria, Egypt, Morocco, and Tunisia, the report estimates that Egypt and Morocco alone have over 17 million users combined.
- Morocco is expected to introduce a comprehensive regulatory framework for digital assets by the end of 2025.
- In total, Africa is home to over 54 million digital asset users.
Yellow Card noted that with digital asset usage soaring among individuals, businesses, and increasingly financial institutions, regulatory attention across the continent is intensifying.
Governments are exploring various approaches, ranging from regulatory sandboxes and draft legislation to fully enacted laws governing virtual asset service providers (VASPs).
Some countries are also trialing Central Bank Digital Currencies (CBDCs), with an eye on public policy objectives like financial inclusion, monetary stability, and economic resilience. In many cases, CBDC initiatives are proceeding cautiously, often at the expense of faster-moving digital asset innovation.
“While regulatory frameworks remain uneven across the continent, the momentum is clearly shifting toward formal recognition and oversight of digital assets,” the report noted.
A path toward financial inclusion
Yellow Card projects that as more African nations develop clear regulatory regimes, investor confidence will rise, unlocking further adoption and capital inflows into the digital asset ecosystem.
This, in turn, could drive financial inclusion, support economic growth, and enhance access to global financial systems.
The report also cites growing international collaboration and increased government support as indicators that digital assets are becoming a permanent feature of Africa’s financial landscape.
Nairametrics.com
Fresh petrol depot prices have emerged across Nigeria as marketers adjust to rising crude oil prices and renewed tensions in the Middle East.
The latest pricing changes come amid growing uncertainty in the global energy market following fresh military exchanges between the United States and Iran near the Strait of Hormuz, one of the world’s most important oil transit routes.
ndustry data tracked by PetroleumPriceNG and monitored by Legit.ng show that depot owners raised their Premium Motor Spirit (PMS) prices as a protective measure against potential losses linked to volatile international oil prices.
Global crude oil prices climbed during early trading on Wednesday, June 10, 2026, after the United States launched strikes on Iranian military infrastructure near the Strait of Hormuz.
As of 5:08 a.m. WAT, Brent crude rose by 1.03% to $92.39 per barrel, while the U.S. West Texas Intermediate (WTI) crude gained 0.91% to trade at $89.00 per barrel, according to a report by Oilprice.com
The market rally followed reports that American forces targeted Iranian air defence systems, radar installations and surveillance facilities after Washington accused Tehran of bringing down a U.S. Army Apache helicopter operating within the region.
The U.S. Central Command described the strikes as a defensive response. However, Iran denied responsibility for the helicopter incident and accused the United States of escalating tensions unnecessarily. The development has raised fears of a broader regional conflict that could disrupt global crude oil supplies.
Checks across fuel depots nationwide show that marketers have adjusted their petrol prices upward in response to the changing global market conditions.
According to the latest data: AIPEC now sells petrol at N1,247 per litre RainOil Lagos sells at N1,248 per litre Integrated depot price stands at N1,247 per litre Liquid Bulk has also fixed its price at N1,248 per litre Industry experts say the latest adjustments are largely precautionary as marketers attempt to shield themselves from potential losses should crude oil prices continue to rise.
The cost of importing petrol into Nigeria has dropped sharply following the recent decline in global crude oil prices, creating fresh competition for local refiners, including the $20 billion Dangote Refinery.
New data released by the Major Energy Marketers Association of Nigeria (MEMAN) shows that the landing cost of imported Premium Motor Spirit (PMS), also known as petrol, has fallen to N1,117 per litre.
The figure is now significantly lower than Dangote Refinery’s gantry price of N1,250 per litre, leaving a difference of N133 per litre.
The development comes days after the mega refinery reduced its ex-depot petrol price from N1,275 to N1,250 per litre in response to changing market conditions.
The latest MEMAN pricing template suggests that fuel importers may now enjoy a competitive edge over domestic refiners as international crude prices continue to soften. Aside from petrol, the landing costs of other petroleum products also recorded notable declines.
According to the data, diesel landing cost dropped to N1,470 per litre, compared to Dangote Refinery’s price of N1,700 per litre. Aviation Turbine Kerosene (ATK), commonly known as aviation fuel, also fell to N1,426 per litre, while Dangote’s price remains N1,650 per litre.
MEMAN estimated the exchange rate for fuel imports at N1,366.85 per dollar, reflecting the prevailing official foreign exchange rate at the time of the calculation.
Some filling stations along the Lagos-Ibadan Expressway and in other locations across Lagos and Ogun states have reduced petrol prices below N1,300 per litre.
This follows a price cut announced by the Dangote Petroleum Refinery on Sunday.
The refinery adjusted its ex-depot gantry price of petrol down to N1,250 per litre from N1,275 per litre, while also slashing the price of diesel to N1,700 per litre from N1,800 per litre.
According to Dangote officials, the price review reflects a recent decline in global oil prices and reinforces the company’s commitment to making refined products more affordable while providing cost relief to Nigerian consumers and businesses.
Following the announcement, observations across the Mowe/Ibafo axis of the Lagos-Ibadan Expressway in Ogun State showed that several independent marketers immediately adjusted their pumps. For instance, MRS filling stations reduced their petrol pump price to N1,286 per litre, NIPCO and Heyden retailed the product at N1,290 per litre, and SGR adjusted its price to N1,297 per litre.
Reductions were also recorded in the diesel market, with many filling stations dropping their prices to N1,800 per litre from the previous N1,900 per litre.
Despite these downward adjustments, many retail outlets still sell petrol above the N1,300 mark. Outlets operated by the Nigerian National Petroleum Company Limited (NNPC) in Ibafo adjusted their pumps to N1,305 per litre, while Mobil and Asharami sold the product at N1,310 and N1,320 per litre, respectively.
The overall price drop comes after a prolonged period of high fuel costs in Nigeria, which saw petrol skyrocket from N830 per litre to over N1,300 after global crude oil climbed past $115 per barrel due to tensions between the United States and Iran.
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