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Roqqu, SiBAN partner to drive blockchain adoption in Nigeria

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August 18, 2025
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Roqqu, SiBAN partner to drive blockchain adoption in Nigeria

Abimbola Samuel by Abimbola Samuel
August 18, 2025
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Roqqu, SiBAN partner to drive blockchain adoption in Nigeria

Roqqu, SiBAN partner to drive blockchain adoption in Nigeria

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Roqqu, a leading digital finance and blockchain solutions provider, has partnered with the Stakeholders in Blockchain Technology Association of Nigeria (SiBAN) to accelerate blockchain adoption and strengthen Nigeria’s digital asset ecosystem.

The alliance, announced shortly after Roqqu joined SiBAN as a corporate member, aims to promote financial inclusion, regulatory engagement, and responsible innovation in the blockchain space.

Roqqu, SiBAN join forces to drive growth

Both organisations say the collaboration will close the gap between fast-paced blockchain innovation and the need for accountability.

Initiatives on the agenda include public education campaigns, developer training, and active engagement with regulators to shape a more credible and transparent digital asset framework in Nigeria.

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“We are delighted to have this collaboration. Our collective strength lies in the diversity and commitment we both bring to the table and ultimately contribute to the growth of the blockchain ecosystem,” said Obinna Iwuno, President of SiBAN, as quoted by Punch.

Roqqu’s Chief Compliance Officer, Roimot Ajiboye-Ibitoye, noted that the partnership represents “a united front between innovators and industry advocates” that will help blockchain become a trusted driver of financial inclusion and economic growth.

The rising profile of Roqqu

Founded in Nigeria, Roqqu has become one of Africa’s most prominent fintech platforms. It offers services beyond crypto trading, including bill payments, global remittances, and savings.

The company’s international expansion has been swift. In 2023, it secured a virtual currency licence in the European Economic Area (EEA), allowing it to serve the African diaspora across 28 countries.

Recently, Roqqu acquired Flitaa, a Kenyan-based crypto startup, to fast-track expansion in East Africa, including Ghana, Uganda, Kenya, and Tanzania.

Roqqu’s user growth has been equally significant. From crossing one million users in 2021, the company now reports over 1.8 million users, 250,000 daily active users, and more than $1.5 billion worth of assets traded across 20 million transactions.

Furthermore, the partnership with SiBAN comes as Roqqu competes with heavyweight players like Binance Africa and Yellow Card.

Binance remains the world’s largest exchange but has faced regulatory pushback in Nigeria, including high-profile disputes with the government from 2024 to 2025.

This has raised concerns about trust and compliance. By aligning with SiBAN, Roqqu is positioning itself as a more locally integrated and regulator-friendly platform.

Yellow Card, on the other hand, has established a pan-African presence in over 20 countries, with strong fiat gateways for retail users.

However, Roqqu’s broader product suite, from remittances to education initiatives, could set it apart as a fintech company rather than just an exchange.

Toward a safer blockchain future

For Nigeria, the Roqqu-SiBAN alliance signals progress toward balancing innovation with responsibility.

As the country consolidates its role as one of Africa’s biggest blockchain markets, such collaborations are expected to build public trust, strengthen compliance, and unlock blockchain’s potential for economic growth.

For Roqqu, the deal underscores its ambition to cement itself as a global fintech player, starting in Nigeria, expanding across Africa, and reaching Europe.

Both organisations aim to create a safe, transparent, and inclusive digital finance ecosystem.

Tags: blockchain adoptiondigital asset ecosystemFinancial inclusionregulatory engagementRoqquSiBAN
Abimbola Samuel

Abimbola Samuel

Experienced crypto writer with 2+ years of expertise. Skilled researcher and analyst delivering high-quality articles. Providing insightful perspectives on the latest crypto trends.

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