Gambling, Crypto’s Grip on Nigerians Is Hurting Capital Markets

Nigerians’ preference for plowing their money into gambling and cryptocurrencies rather than the capital market is denying the nation of funds that could be used to build key infrastructure, the...

By Emele Onu · Bloomberg Markets

Nigerians’ preference for plowing their money into gambling and cryptocurrencies rather than the capital market is denying the nation of funds that could be used to build key infrastructure, the head of the financial regulator said.