Back to Markets
MARKET OVERVIEW
🇳🇬
Nigeria
Nigerian Naira (NGN)
Nigeria is Africa's largest crypto market with high adoption rates. P2P trading is especially popular due to banking restrictions on crypto exchanges.
220M+
Population
NGN
Local Currency
High
Crypto Adoption
Legal
Crypto Status
REGULATIONS
Regulations
220M+
Population
NGN
Local Currency
High
Crypto Adoption
Legal
Crypto Status
Regulations
Legal but regulated. Banks restricted from facilitating crypto transactions in 2021, making P2P platforms essential.
LegalTaxed
SEC has introduced regulations for crypto assets. Banks cannot facilitate direct crypto purchases.
TRADING GUIDE
Trading Tips
- Use P2P platforms like NoOnes to bypass bank restrictions
- Popular payment methods include bank transfer and mobile money
- Naira rates can vary significantly - compare before trading
- Always verify trader reputation and use escrow protection
PAYMENT METHODS
Payment Methods
Bank TransferMobile MoneyCash Deposit