@maximilian24a
Nigeria’s 2025 lifting of the P2P trading ban unleashed $1 billion in monthly Bitcoin volume, yet BTC trades at a 22% premium—$216,000 versus a global $180,000. High demand from 20 million crypto users, coupled with a 50% naira devaluation, drives the premium, as Nigerians hedge inflation (25% annually). Limited banking access—only 40% have accounts—forces reliance on P2P, where sellers charge more for risk. Despite the ban lift, regulatory uncertainty persists, with 10% of trades flagged for KYC issues. Supply constraints, with just 5,000 BTC available monthly, exacerbate the premium. This could drop to 15% by 2026 if banking infrastructure improves, but Nigeria’s economic woes may sustain high premiums, reflecting Bitcoin’s role as a financial lifeline.
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