In February 2021, the Central Bank of Nigeria (CBN) informed banks and other financial institutions in a letter that cryptocurrency trading and providing payment services to cryptocurrency exchanges are prohibited.
Despite being outlawed by the Nigerian government, cryptocurrencies are widely used there, therefore the ban hardly has any impact. The Nigerian cryptocurrency community has instead turned to peer-to-peer trade or doing business directly with one another. Nigeria has had the highest volume on Paxful, the largest peer-to-peer bitcoin marketplace in the world, during the past five years, trading 60,215 bitcoins worth more than $566 million.
With over 6.3 percent of the population possessing at least one sort of cryptocurrency, Nigeria is presently the top country in the world in terms of individuals searching for “Bitcoin” and “Crypto” on Google. Nigeria is placed sixth out of the top 20 nations in the Chainalysis 2021 Global Crypto Adoption Index for the adoption of cryptocurrencies. According to Chainalysis, a few significant factors are causing adoption to rise in Kenya, Nigeria, and other developing nations.
Nigeria has been ranked as the world’s best-performing country in terms of Bitcoin interest. According to the Binance trader rankings, Chibueze, also known as Bitcoin Chief, was one of the best cryptocurrency traders in 2019. However, Nigeria is home to several other major cryptocurrency merchants.
In this post, we highlight the top 10 richest crypto traders in Nigeria who have had a significant impact on the industry
Richest Crypto Traders in Nigeria
Gaius Chibueze (Bitcoin Chief)
When Satoshi Nakamoto introduced Bitcoin in 2009, few people adopted the ground-breaking financial technology. It should come as no surprise that many skeptics questioned the idea’s validity. Bitcoin Chief, also known as Gaius Chibueze, did not respond to the reviews.
Gaius Chibueze Ekuri also referred to as Bitcoin Chief, is a successful serial entrepreneur and expert in cryptocurrencies. He was among the first in Nigeria to accept Bitcoin.
Gaius claims that he was “the first Nigerian bitcoin investor” and “one of Africa’s pioneers in the cryptocurrency space” because of his 2011 investment in Bitcoin. He recounts his travels in one of his in-depth interviews.
According to Bitcoin Chief, he purchased bitcoin in 2011 for about 100,000 nairas at a price of $35 per unit. Before that, he belonged to a Network Marketing company called Organo Gold, whose boss was an American whom Gaius admired. According to Gaius, the American abruptly stopped discussing Organo Gold in his posts and shifted to Bitcoin.
The CEO of Abitnetwork, a multinational technology business developing blockchain-powered solutions with a focus on the African population, is known as Bitcoin Chief. He also serves as the CEO of the cryptocurrency token Tatcoin.
Currently, the 34-year-old is based in Manchester, United Kingdom. Nigerian Enugu State native Gaius Chibueze attended Enugu State University where he received his degree. At the National Open University of Nigeria, he also studied business administration.
Gaius Chibueze was a member of the business-owning Ekuri family when he was born. He and his siblings all grew up in Abuja. In the same Abuja, he and his siblings owned a shoe store.
He is blessed with two children and is happily married to his lovely wife Kelvin Oluchi Chibueze.
According to the Binance trader rankings for 2019, Bitcoin Chief is one of the best cryptocurrency traders.
The Association of Nigerian Bloggers named him the most popular Nigerian on social media in 2016.
Number one on the list of the wealthiest cryptocurrency dealers in Nigeria is Gaius Chibueze.
Chris Ani is a wise mentor, writer, startup advisor, trader, and investor in cryptocurrencies. He is the company’s creator and CEO of Cryptohub and Digital Abundance.
Chris Ani is well-known and heard in Nigeria’s cryptocurrency community.
He released Crypto 101, an introduction to blockchain and cryptocurrencies, in 2017. As a result, he was one of the first writers in Nigeria to publish a book about cryptocurrencies.
About Chris Ani, not much is known. He is thought to be worth roughly $1 million, though. Although he is one of the most significant figures in Nigeria’s crypto community, this individual is not an official representative, which is not entirely unexpected. The Enugu State, Nigeria, native was born in Lagos State. At the Lerato Comprehensive College in Meiran, Ijaiye Ojokoro, Lagos State, he completed his secondary education.
Chris Ani continued on to the Enugu State University of Science and Technology where he earned a degree in Agriculture.
When Chris Ani purchased his first bitcoin in 2016, it completely altered his life and propelled him to the top of Nigeria’s cryptocurrency traders. He earned the second rank among the top 10 wealthiest cryptocurrency dealers in Nigeria by winning the Binance Crypto Influencer Awards (Africa category).
Linus Williams Ifejika
Linus Williams Ifejika, a businessman, entrepreneur, and cryptocurrency dealer with a base in Nigeria, was born on March 3, 1998. Williams, better known by his stage name B-Lord (Bitcoin Lord), was born in Nigeria but spent his formative years in Delta State. He is from Umuji Ebenebe, Awka North Local Government, and Anambra State. He studied computer science at Anambra State University Uli, where he later received his degree.
Before founding his own cryptocurrency exchange platform at Onitsha, Anambra State, called B-Lord group of company, Linus Williams Ifejika began his career in 2017 as a business coach on Instagram, where he mostly focused on sharing business suggestions, on cryptocurrency entrepreneurship.
His upbringing in terms of education is not immediately apparent. B-lord, however, claimed in a post on his Instagram that he left his parents’ home at the age of 17 in order to follow his ambitions, became a millionaire at the age of 20, got married at the age of 21, and had his first child at the age of 22.
Linus Williams Ifejika has multiple sources of income and is as wealthy as it is possible to be with an estimated net worth of $5 million for B-lord. He comes in third place among Nigeria’s wealthiest bitcoin traders.
Tola Joseph Fadugbagbe
Tola Joseph is a cryptocurrency trader, analyst, and expert in the basics of cryptocurrencies from Nigeria. He is the creator of the website cryptomasterclass.ng, which instructs users on how to trade cryptocurrencies profitably.
Along with Chris Ani, Gaius Chibueze, and many others, Tola Joseph is a well-known figure in the Nigerian crypto community.
Tola, who currently resides in Lagos, was born in the Nigerian state of Ondo, where he attended both primary and secondary school and, of course, earned his West African Examination and first school-leaving certificates. He then went on to Ekiti State University to get his degree certificate.
Tola is fourth among the top 10 richest crypto dealers in Nigeria, despite having an estimated net worth of 20 million dollars, which is more than some of the top three merchants in Nigeria. Given that Tola is one of the most significant influencers in the cryptocurrency space, his net worth is not surprising.
The founder of The Wapgroup, the parent company of Waploaded Media, an entertainment and technology-driven platform creating solutions and content for everyday internet users, Waptutors Academy, an online and offline training center where people learn high-demand online skills, Around Abuja, a showcase blog and social media platform, is Nigerian blogger Fidelis Ozuawala (SunnEx). He is also a blockchain enthusiast, ECOWAS Youth Council Ambassador, mechanical engineer, father, and entrepreneur.
Fidelis Ozuawala, a Christian from Imo state, was born on June 26, 1993, into a polygamous household in Edo state.
Being the sole tech-loving member of his family, he grew up alone and spent his childhood building his first functional electronic, an antenna, as well as fixing broken household electronics.
He went to a catholic primary and secondary school in Benin City. Because he loved technology and couldn’t decide between building websites and tools, he chose to major in mechanical engineering. He received his OND from Ogwashi-uku Polytechnic in Delta State in 2013 and his HND from Auchi Polytechnic in 2016. By 2018, he had completed his mandatory compulsory military service in Ogun State, where he was stationed.
Crypto trader Fidelis Ozuawala runs a school where he teaches individuals how to trade cryptocurrency and provides alerts on good deals.
Fidelis Ozuawala, one of Nigeria’s top 10 richest cryptocurrency traders, is placed fifth with an estimated net worth of $30 million. He also earns money as an investor, bitcoin trader, teacher, and through sponsored advertising on his Waploaded platform.
Cryptocurrency trader, entrepreneur, serial investor, and industry specialist Ifeanyi Ezenwaogene Michael hails from Nigeria. Additionally, he founded Fortune Beach Academy and Crypto Fortune.
Ifeanyi, who was born on December 6th, 1994 in Owerri, Imo State, has always had a keen eye for business.
Most of Ifeanyi Ezeneaogene’s early years were spent in Imo State. He was born and raised in Imo State, where he also completed his primary and secondary education. He attended the Government Secondary School in Owerri, where he also earned his first school leaving and senior secondary school leaving certificates. He then went on to Madonna University’s Elele Campus in the same Imo State to earn a degree in medicine and surgery.
Ifeanyi is the creator of Fortune Beach Academy, a website that provides training in a variety of ways to make money, including financial, health, fitness, design, cinematography, IT & software, legal, personal development, and public speaking, marketing, and social media. He established the cryptocurrency platform, which enables users to profit from the bitcoin market. Users of this platform have access to signals on the cryptocurrency market through the VIP group it offers.
Ifeanyi Ezenwaogene is one of the top influencers in the cryptocurrency field with an estimated net worth of $20 million. On the list of the top 10 wealthiest cryptocurrency traders in Nigeria, he comes in at number six.
Young businessman Daniel Adekunle is well-versed in blockchain technology. Blockstale, a company specializing in the primary development of blockchain technology using industry-standard hardware and user-friendly software, was founded and is led by Daniel Adekunle Omoshola. On October 17, 2017, Daniel and Adeyiga Oluseye Daniel, who is now the company’s chairman, founded the business.
Being the first person to create a revolutionary innovation in Nigeria, he made Nigeria famous. He is in charge of creating the software, firmware, and hardware components that address current global economic and financial issues as a pioneer and expert in blockchain technology.
In Nigeria, Daniel Adekunle is actively involved in educating the public about Bitcoin and blockchain technology. With his passion and enthusiasm for Bitcoin and blockchain technology, Adekunle is regarded as Nigeria’s first bitcoin guru. He also conducted webinars for foreign groups and associations.
Daniel started trading assets in 2009, and his trading career sparked his interest in digital assets. He saw the unrelenting global shift toward digitalization as a fantastic chance for his business to expand.
Daniel is listed as the seventh-richest cryptocurrency trader in Nigeria and is one of the country’s top 10 traders overall.
Yele Bademosi is a tech entrepreneur and investor who is devoted to supporting his native continent of Africa.
Yele Badamosi, an investor and the creator of the venture capital firm Microtraction, wasn’t always a techpreneur. In actuality, he majored in medicine at King’s College London before quitting medical school because it “wasn’t his passion.” He then spent the following year studying coding and user interface design. At Zoe Specialist Mission Hospital, he was the manager of marketing and business development. But he never again ventured into the medical field; instead, he chose to pursue a career in technology.
At Bundle wallet Technology Limited, Yele Bademosi serves as managing director and CEO. A cryptocurrency platform called Bundle wallet Tech Ltd was motivated by WeChat’s popularity in Southeast Asia. The Binance ecosystem’s social payment software is made for both fiat money and cryptocurrencies. The largest African-grown Exchange in Africa’s product promises to make it simple to transfer, request, and receive cash as well as to buy, sell, and store digital assets including BNB, BTC, ETH, and BUSD.
In addition, he is a founding partner of Microtraction and a co-founder of Nestcoin. He served as a director at Binance Lab, a division of the biggest cryptocurrency exchange in the world.
The mission of Badamosi is to promote the widespread adoption of digital assets in Africa. Among the top 10 richest cryptocurrency traders in Nigeria, he comes in at number eight.
The CEO of the well-known Nigerian cryptocurrency exchange Quidax is Buchi Okoro. Buchi and his co-founder Uzo Awili struggled to convert their cryptocurrencies to naira before coming up with the concept of Quidax.
Founded sometime around 2016. One of the exchanges with the quickest rate of growth is Quidax, which makes buying and selling cryptocurrencies relatively simple. Quidax started operating in Nigeria on August 1st, 2018 while being registered in Malta.
Prior to joining Quidax, the individual had experience working in a variety of industries, including real estate, investment banking, fashion, and logistics. When Buchi first tried to purchase Bitcoin, he had a bad experience that prompted him to launch Quidax.
As Quidax’s CEO, Buchi is motivated by a deep-seated desire to make it simple for people and companies in Africa to buy and trade cryptocurrencies using their native currencies.
Buchi is one of Nigeria’s top cryptocurrency influencers. Despite being rated ninth, Buchi has a significant impact on the bitcoin industry.
Hanu Fejiro Agbodje
Hanu Fejiro Agbodje is the CEO of Patricia Technologies, a well-known cryptocurrency and gift card platform. He is a Nigerian entrepreneur and UI designer.
Hanu Fejiro Agbodje was born on November 16, 1995, in Warri, Delta State, Nigeria. He received his early education there. He completed his nursery education at Prime International School between 1997 and 1999. Then, between 1999 to 2005, he enrolled in Royal Heritage for his primary schooling.
Before continuing on to Immanuel International School in Port Harcourt, Rivers State, to complete his senior secondary education from 2008 to 2011, Hanu completed his junior secondary school education between 2005 and 2008. But he continued on to the University of Port Harcourt, where he earned a bachelor’s degree in mathematics and statistics.
Hanu Fejiro Agbodje quickly rose to the position of the firm owner of Patricia Technology Limited in 2017, after receiving a degree in mathematics and statistics from the University of Port Harcourt.
Unused iTunes, Amazon, and Google Play gift cards can be exchanged through Patricia Technology Limited, an online marketplace. The business of bitcoin is also a focus of the corporation. After only two years in operation, the platform processed over N10 billion in transaction volume in 2019 alone, making it one of sub-Saharan Africa’s fastest-growing fintech and e-commerce enterprises.
Patricia uses the power of cryptocurrencies to provide better and alternative solutions for global E-commerce, digital payments, and financial infrastructure. Users may now purchase, sell, and keep bitcoin in a safe and secure wallet thanks to Patricia. In addition, bitcoin may now be quickly changed into naira and used to pay bills, as well as to buy airtime and data through a mobile app.
Hanu, who is thought to be worth around $30 million, is a leading figure in the cryptocurrency world. He is, nonetheless, listed as the 10th richest cryptocurrency dealer in Nigeria.
To sum up, it is safe to say that cryptocurrency has undoubtedly transformed the lives of many Nigerians, not just the top 10 merchants but also other traders.
Nigerians are also gaining from the bitcoin industry through trading and even by securing jobs in the industry. Many cryptocurrency companies in Nigeria, including Remitano, Patricia, Nestcoin, and others, have created cryptocurrency jobs. The majority of these top cryptocurrency traders have positively impacted society in one way or another.