FlashChange Joins SiBAN to Boost Transparency in Nigeria’s Blockchain Industry

Ugo Aliogo

FlashChange, a Nigerian digital asset trading and fintech company, has announced its membership with the Stakeholders in Blockchain Technology Association of Nigeria (SiBAN), the country’s foremost self-regulatory organization for blockchain and digital assets.

The move signals FlashChange’s growing involvement in Nigeria’s blockchain ecosystem at a time when digital finance platforms are under increasing pressure to demonstrate transparency, security, and consumer protection. Analysts note that the decision reflects a wider trend of fintech firms seeking closer collaboration with regulatory bodies to strengthen public trust in the sector.

FlashChange Chief Executive Officer, Bidemi Oke, described the development as a milestone for the company. He explained that membership of SiBAN would provide an opportunity to contribute to shaping policies, advancing industry standards, and driving sustainable growth in digital finance. Oke added that transparency and consumer protection remain central to FlashChange’s mission as it expands operations across Africa.

With its new membership, FlashChange is expected to take part in initiatives focused on policy advocacy, stakeholder education, and industry-wide collaboration. SiBAN has become a key player in Nigeria’s digital finance sector, promoting responsible blockchain adoption while engaging regulators and protecting consumers.

Nigeria is home to one of the largest crypto and digital asset user bases in Africa. Recent studies show that despite regulatory uncertainties, adoption has remained strong, with millions of Nigerians relying on blockchain-powered solutions for remittances, savings, and cross-border trade. FlashChange’s entry into SiBAN is seen by observers as a move that could help bridge the gap between innovation and regulation, while also boosting confidence among users and investors.
Looking ahead, FlashChange’s participation in SiBAN could position the company as one of the voices shaping how blockchain technology evolves in Nigeria and West Africa. Industry stakeholders suggest that by combining innovation with regulatory engagement, the company may help set the tone for a more transparent and trusted digital finance environment across the region.