• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Companies Corporate Updates

Roqqu: Annual Industry Report

NM Partners by NM Partners
January 5, 2022
in Corporate Updates
Roqqu: Annual Industry Report
Share on FacebookShare on TwitterShare on Linkedin

The Global Outlook of the Industry

2021 was a big year for crypto for the global industry in General. The global cryptocurrency market size The cryptocurrency market size is expected to grow from USD 1.6 billion in 2021 to USD 2.2 billion by 2026 

As countries worldwide adopt Cryptocurrency, there is no better time for Africa to key into this ever-expanding industry of endless opportunities. Despite the formidable opposition in Africa and the Nigerian Government, Nigeria ranked the 6th Country in Global crypto adoption this year with an index score of 0.26.

RelatedStories

Roqqu

Introducing Roqqu: Your Gateway to Crypto in Ghana

August 11, 2023
Roqqu celebrating four years of growth, innovation, and success 

Roqqu celebrating four years of growth, innovation, and success 

July 9, 2023

Roqqu: Stirring Frontiers in 2021

We are proud to be a vehicle for a million Nigerians to adopt Cryptocurrency. Many Nigerians, especially young people, turned to Cryptocurrency to earn passive income while leveraging the profits to shield themselves against the inflation rate in the nation. Amongst other crypto platforms, we are proud to be a frontier for these youths to achieve their dreams.

This report will share our plans, processes, and activities in 2021. We will take you through the challenges and achievements of 2021 and how we as an organization scaled through the ups and downs of what would go down as the most challenging year in history in Cryptocurrency

Quarter 1: January – March

The year began officially on January 11th, when all staff returned to the office. All staff began in high spirit as we set out making plans and setting goals for the year. Part of the goals we set out at the beginning of the year included;

  • Exponential Customer Growth
  • Setting a Well Structured Organization Hierarchy
  • Product Expanding to Other Features
  • Gaining More Brand Exposure with the Public
  • Implementing the Work From Home Policy

It is safe to say that despite the seemingly insurmountable challenges, both inwardly and externally caused through institutional policies, and we reached a large percentage of the goals we set for ourselves. On February 5th, 2021, the Central Bank of Nigeria set out a memo restricting financial institutions from associating with crypto companies. This policy put several other crypto companies in Nigeria out of business; it turned out to be a stepping stone for our growth. We used this disadvantage to create an efficient peer-to-peer merchant system.

Our Alpha Team created a solid peer-to-peer merchant procedure for all deposits and withdrawals from January till March. Team members took new roles; team leads put everything in the line to ensure that every pending withdrawal and deposit was cleared before the second quarter.

Our staff proved that we have a resilient spirit in the face of difficulty. The E- Factor that we talked about helped us scale through as a team, and This was our most significant achievement in Quarter 1.

2021 Quarter 1 Achievements

Product Updates: Added New Coins:  Dash & DOGE

Prize Alert Feature Added

User Updates: 250,000+ Users

Company Updates: 10 Customer Support Staff, Introduction of Peer to Peer Merchant System

Quarter 2: April – June

At the second quarter’s start, the additional staff became acclimatized to the Elatech Culture. With their arrival, the response time improved significantly. Our customers also noticed the stability in our processes.

As our user base grew, Online fraudsters saw this as an opportunity to scam isolated users who may not be cyber cautious. There was a spike in the rate of online scams. These fraudulent activities usually involve posing as Roqqu Customer Support, Collecting Fees to resolve customer issues, sending phishing links to customers, & requesting pin & passwords before a problem is resolved. We launched several fraud campaigns on social media to combat the cyber cankerworm.

In April, The Central Bank Of Nigeria suspended BVN as a source of validation for third-party apps. As this was our primary channel of verifying new customers, it meant that we had to pivot to a new means of verification. We adopted the NIN to ensure that all user’s accounts were valid. While there was a bit of confusion & challenge moving to this new protocol, our users migrated seamlessly.

Product Updates:  25+ coins at the end of the quarter

Payment link Feature Coin Swap

User Updates: 350,000+ Users

Company Updates: Partnered with security agencies to tackle online scams

 Quarter 3: July – September

July to September ushered in the celebratory months of 2021. We celebrated our second year in business. We also celebrated numerous staff who had birthdays, weddings, and anniversaries in these months.

Our love for people is at the center of everything we do in Roqqu. We included our users in all our celebrations, beginning with our #SecondAnniversaryGiveAway. It was a remarkable event and our most giant giveaway yet as we reimburse 1 million Naira to our users. Being part of the crypto ecosystem in West Africa, we were invited to commemorate the #Binance 4th Anniversary Celebration in Nigeria.

We launched a 48-hour lock system to combat fraud that automatically logged users out if they logged in from another device. This was implemented to curb the rate of scammers proliferating crime on people’s accounts from other devices. We saw a drastic decline in scam rate by 70% as we advised users to keep a vigilant watch over their personal information.

Product Updates:  33+ coins at the end of the quarter, 48Hrs Lock 

User Updates: 500,000+ Users

Company Updates: Kick-off office remodelling, Fireside chat, P2P Withdrawals, the second anniversary

 

A GRAPH OF OUR CUSTOMER GROWTH & APP USAGE  FOR THE YEAR 2021

Quarter 4: October – December

We set 1 million registered users on the Roqqu App at the start of the year. It is safe to say that we hit this goal way sooner than expected. In October, we reached an all-time high of 1,000,000 users in Roqqu. We had seen growth, but this was beyond our wildest dream; when we started with the Roqqu Idea in 2017, we had no idea that 1 out of 20 Nigerians would use our app in 3 years. Despite the challenges throughout the year, we managed to scale through and do that in brilliant colors.

We are now the first indigenous cryptocurrency platform to hit a million users, and we could not have done without our loyal users and resilient team. We rebranded our office space to celebrate this milestone to portray our new I million user status.

On the First of December, we welcomed our brand ambassador, Kim Oprah & Aproko Doctor. As stated in our year’s goal, we wanted to expand our reach and improve our brand image in the public’s eyes. In the coming year, we will work to create engaging content that would educate and impact the financial literacy of Roqquians with the influence of our Brand Ambassadors.

A Tour around our space during the unveiling Here

Product Updates:59+ coins at the end of this quarter 

User Updates: 1,100,000+ Users

Company Updates: 10  new Customer Support Staff, Unveiled Celebrity Ambassadors, Organizational structure improved, 2 Factor Verification Installed, 2nd Largest Holder of Wakanda in Africa.

Here, is what our CEO has to say about 2021 and our plans for this year 2022;

 

Download the Roqqu App Today on IOS AppStore and Android PlayStore

Tags: Roqqu
NM Partners

NM Partners

"NM Partners" encompasses a diverse range of articles and content published on behalf of various organizations, including corporate entities, government and non-governmental institutions, academic bodies, and key stakeholders in the economic sphere. This content spectrum covers press releases, formal announcements, specialized content, product promotions, and a variety of corporate communications tailored to engage our readership. Notably, a portion of these articles are sponsored content. At Nairametrics, while we provide a platform for these diverse voices, it is important to clarify that our relationship with the content under "NM Partners" does not imply endorsement or affiliation. The responsibility for the content accuracy and viewpoints expressed rests solely with the respective contributors. Nairametrics maintains a firm commitment to editorial independence and integrity. Consequently, we do not assume responsibility for any of the content published under "NM Partners." For any inquiries, comments, or feedback regarding the content featured in this section, we encourage open communication and can be reached at info@nairametrics.com. Additionally, we invite our readers and contributors to familiarize themselves with our Paid Post Guidelines, which outline the standards and processes governing paid content on our platform.

Related Posts

Roqqu
Corporate Updates

Introducing Roqqu: Your Gateway to Crypto in Ghana

August 11, 2023
Roqqu celebrating four years of growth, innovation, and success 
Corporate Updates

Roqqu celebrating four years of growth, innovation, and success 

July 9, 2023
Roqqu, Nigeria
Corporate Updates

Roqqu receives regulatory approval to operate in South Africa

April 20, 2023
Roqqu gets regulatory approval to operate in 28 countries in Europe through its virtual currency license
Corporate Updates

Roqqu gets regulatory approval to operate in 28 countries in Europe through its virtual currency license

December 31, 2022
Roqqu gets well deserved recognition as they bag BAFI award as Blockchain company of the year 2022
Corporate Updates

Roqqu gets well deserved recognition as they bag BAFI award as Blockchain company of the year 2022

November 7, 2022
Roqqu Infinity Loans – Access crypto without selling yours
Corporate Updates

Roqqu Infinity Loans – Access crypto without selling yours

July 25, 2022
Next Post
Insecurity: Over 88 thousand AK-47 rifles unaccounted for

Insecurity: Over 88 thousand AK-47 rifles unaccounted for

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • Naira depreciates to N1,555/$1 ahead of 301st MPC meeting 
  • GTCO becomes first banking stock to cross N100 on NGX 
  • Analysts predict naira won’t drop beyond N1,600 in H2 2025, cite reasons 

Follow us on social media:

Recent News

Naira , dollar, exchange rate

Naira depreciates to N1,555/$1 ahead of 301st MPC meeting 

July 16, 2025
GTCO to write off Aiteo loan and switch to aggressive recovery plan

GTCO becomes first banking stock to cross N100 on NGX 

July 16, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics