Disruption gets disrupted

Bitcoin In Nigeria Since The CBN Bust: The Slump And The Slalom

By  |  April 24, 2021

In the 2+ years that he has cautiously treaded the world of cryptocurrency, Vincent* had never encountered a scare like the one that hit him in the first few weeks of February 2021.

A 26-year-old with a bachelors’ degree in Microbiology from the University of Nigeria, Nsukka (UNN), Vincent hadn’t had much luck landing a proper job since he left school in 2016. In Nigeria’s over-populated labour market where the unemployment rate is currently dangerously high at over 30 percent, Vincent has had to employ himself.

So, when he’s not trying to sell hoodies and sneakers on WhatsApp and Insta, he’s keeping an eye on bitcoin and hoping to profit off of it.

Most Read


Nigeria’s Crypto Traders Take Business Underground Amid War On Binance

Nigeria’s heightened crackdown on cryptocurrency companies over the naira’s slide is driving the


Kenya Is Struggling To Find Winners After Startup Funding Boom

Kenya, the acclaimed Silicon Savannah, is reeling from turbulence in its tech landscape.


The New Playbook Behind Private Equity’s Quiet Boom In Africa

Private equity (PE) investment in Africa has seen a remarkable upswing in recent