What Can We Learn From 60% Bitcoin Premiums in Nigeria?
Nigerians are paying 60% above the spot price for Bitcoin. This is what happens when people lose faith in monetary policy.
Bitcoin Premium Tops 60% in Nigeria Amid Growing Demand
Bitcoin Premium is trading at $38,000 in Nigeria following increased demand for the asset in the country.
Nigeria Caps Daily Cash Withdrawals at $45 to Boost Usage of its CBDC
Nigeria has taken an unconventional approach to encourage the use of its CBDC, the eNaira, by limiting ATM withdrawals to $45 per day.
Cryptocurrency Adoption in Emerging Markets: Nigeria
Nigeria is one of the seven countries contributing to half of the global unbanked population. Around 64 million of the West-African nation’s 211 million citizens are unbanked as of 2022.
