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
Liquefied Petroleum Gas (LPG) marketers have slashed depot prices, offering distributors lower wholesale rates and raising expectations that cooking gas refill costs could ease for Nigerian consumers in the weeks ahead.
Fresh market data showed that PPMC recorded the sharpest reduction, cutting its depot price to N1,010/kg, a 0.69%.
Rainoil Lagos followed with reduction, bringing its depot price down to N1,030/kg. NIPCO Lagos held its rate steady at N1,025/kg, data from petroluemprice.ng show.
The only marketer to move in the opposite direction was Matrix Warri, which is N1,100/kg.
The new cooking gas depot prices are:
PPMC: N1,010/kg
NIPCO Lagos: N1,025/kg
Rainoil Lagos: N1,030/kg
Matrix Warri: N1,100/k
Industry sources attributed the downward movement to greater competition among suppliers and improved product availability at the wholesale level.
Presidential candidate of the African Democratic Congress ADC, Atiku Abubakar, has demanded that the National Assembly (NASS) immediately conduct a comprehensive forensic review of the 2026 Appropriation Act, following revelations of over ₦210 billion in overlapping and duplicated allocations in the budget.
In a statement by his Senior Special Assistant on Public Communication, Phrank Shaibu, Atiku said the revelation, coming alongside Nigeria’s poor showing on nearly 90 percent of globally recognised prosperity indicators, exposes the Tinubu administration as one of the most fiscally reckless governments in Nigeria’s democratic history.
“For more than three years, Nigerians have been subjected to relentless hardship. They were told that fuel subsidy removal, exchange rate unification, higher taxes and rising tariffs were bitter pills that would eventually restore economic stability. Yet today, the same government cannot explain how more than ₦210 billion found its way into duplicated and overlapping budget provisions,” he said.
He linked the finding to what he called a growing pattern of questionable budget practices, citing allocations for projects outside agencies’ statutory mandates and insertions running into billions of naira.
The former vice president also cited the Nigerian National Petroleum Corporation NNPC Limited’s audited 2024 financial statements, which he said showed ₦7.13 trillion spent on “Energy Security Expenses” — what NNPC itself identifies as petrol subsidy — despite claims that subsidy had been removed in 2023.
Atiku argued that this fiscal indiscipline is reflected in declining living standards, noting that families are skipping meals, small businesses are shutting down, and graduates cannot find jobs, even as government celebrates selective economic indicators.
He also urged the Auditor-General of the Federation, anti-corruption agencies and civil society organisations to independently scrutinise the budget, identify officials responsible for the duplicated allocations, and ensure all improperly appropriated funds are recovered.
Atiku pledged that an ADC administration would restore credibility to public finance through transparent budgeting, zero-based expenditure planning, digital public expenditure tracking and strict personal accountability for public officers.
“When the owner of the barn invites goats to keep watch over his harvest, he should not be surprised when hunger follows abundance. Nigeria deserves custodians of her commonwealth, not Bourdillon caretakers of waste,” he added.
The Director-General of the National Pension Commission (PenCom), Omolola Oloworaran, has explained how a retired factory worker’s monthly pension increased from N18,000 to N206,000 after the Federal Government carried out pension reforms under President Bola Tinubu’s administration.
The PenCom boss shared the story while speaking on the impact of the reforms, saying the increase reflects the government’s commitment to improving the welfare of retirees.
She said the retiree received a pension alert earlier in the day showing the increased payment.
“Early this morning, somewhere in Nigeria, a retired factory worker checked the alert on his phone. For 21 years, that alert read ₦18,000. This month, as in every single month now, it reads N206,000,” she said.
Oloworaran said the increase was not a gift but the result of the government’s decision to meet its obligations to retired workers.
“He did not win a lottery. He was not given anything he had not already earned. What changed was simple. His country decided to keep its promise,” she added.
According to Oloworaran, the improvement is not limited to one person, as hundreds of thousands of pensioners across the country are benefiting from the reforms.
She credited the progress to President Bola Tinubu’s commitment to workers and vulnerable Nigerians, saying the administration has focused on policies that improve the welfare of retirees.
“Work has been made easy because we have a president that is passionate about the Nigerian people, passionate about vulnerable Nigerians, and doing everything in its power to make sure that it puts more money in the hands of the average Nigerian,” she said.
The PenCom Director-General added that the administration’s record on pension welfare over the past two years reflects the impact of the reforms.
She said, “Today, standing before you with 24 months of evidence, I can say that that case is no longer emerging. It is on the record. Because history is rarely defined by one decision. It is defined by a pattern of decisions.”
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