While Bitcoin and Ethereum surge globally, Nigeria is quickly emerging as a crypto powerhouse.
Between July 2023 and June 2024, Nigerians traded over $50 billion in digital assets — almost two-thirds the size of the country’s equities market.
Shifting Investment Habits
Moreover, SEC Director-General, Dr Emomotimi Agama, highlighted a striking contrast: fewer than 4% of adults actively invest in traditional equities, yet over 60 million participate in daily gambling.
These figures reveal that Nigerians eagerly engage financially, but mostly outside formal markets.
Bitcoin And Ethereum
Meanwhile, global crypto markets ride a wave of optimism.
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Bitcoin climbed 3% in 24 hours to $115,171, while Ethereum surged 6.77%.
In addition, tokens like Hyperliquid and Dogecoin posted double-digit gains, as traders sought short-term momentum.
Analysts attribute these moves to positive macro trends and rising institutional interest.
Consequently, Nigeria’s crypto boom underscores a broader trend: as digital assets mature, they increasingly shape how emerging economies invest, save, and embrace financial innovation.
