47% of Nigerians engaged in cryptocurrency-related activities

According to a report by Coin Journal, about 47% of Nigerians actively participate in cryptocurrency, which is widely seen as an alternative to traditional financial systems. The analysis also shows that cryptocurrency ownership in the country has grown by 15% between 2020 and 2023. Despite measures taken by the Central Bank of Nigeria (CBN) to restrict the use of such digital assets, the number of Nigerians who own them continues to grow.