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France 24
France 24
Europe · 37 mins ago
78◉ Centre
Inside Nigeria's crypto craze
78Credibility
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Credibility 78/100
Partisan intensity 25/100
ObjectivePartisan
◉ Centre ✓ Fair headline

Cryptocurrency has become increasingly prevalent in Nigeria, with nearly one in 10 Nigerians using it either to circumvent currency devaluation of the naira or to pursue speculative trading gains.

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Inside Nigeria's crypto craze
Over the past few years, cryptocurrency has become part of everyday life for nearly one in 10 Nigerians. Some use it to get around the naira, the Nigerian currency, which has lost much of its value in recent years. Others, particularly young people, buy and sell crypto assets on trading platforms in the hope of quick returns. Yassin Ciyow reports.
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