{"id":36654,"date":"2021-02-18T13:45:41","date_gmt":"2021-02-18T11:45:41","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=36654"},"modified":"2025-08-29T07:25:00","modified_gmt":"2025-08-29T04:25:00","slug":"bitcoin-price-in-nigeria-has-reached-76000","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-price-in-nigeria-has-reached-76000\/","title":{"rendered":"Bitcoin price in Nigeria has reached $76,000"},"content":{"rendered":"<p>The price of the first cryptocurrency in Nigeria surpassed $76,000 after the central bank <a href=\"https:\/\/u1f987.com\/en\/news\/nigeria-bans-banks-from-servicing-bitcoin-exchanges\">banned<\/a> financial institutions from providing services to exchanges and cryptocurrency-related companies.<!--more--><\/p>\n<p>On the Quidax exchange, the price of Bitcoin in the local currency pair reached 290 million NGN. That\u001fs more than $76,000 at the time of writing.<\/p>\n<div id=\"attachment_125204\" style=\"width: 929px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-125204\" class=\"size-full wp-image-125204\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Screenshot_1-129.png\" alt=\"BTC price in Nigeria reached $76,000\" width=\"919\" height=\"370\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Screenshot_1-129.png 919w, https:\/\/u1f987.com\/wp-content\/uploads\/Screenshot_1-129-300x121.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Screenshot_1-129-768x309.png 768w\" sizes=\"auto, (max-width: 919px) 100vw, 919px\" \/><\/p>\n<p id=\"caption-attachment-125204\" class=\"wp-caption-text\">BTC\/NGN chart for the Quidax exchange from TradingView.<\/p>\n<\/div>\n<p>According to <a href=\"http:\/\/www.bitcoinpricemap.com\/\" target=\"_blank\" rel=\"noopener\">BitcoinPriceMap<\/a>, the bid-ask spread exceeds 40%, and trading volume is limited to 112.59 BTC.<\/p>\n<div id=\"attachment_125203\" style=\"width: 588px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-125203\" class=\"size-full wp-image-125203\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Nig.png\" alt=\"BTC price in Nigeria reached $76,000\" width=\"578\" height=\"392\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Nig.png 578w, https:\/\/u1f987.com\/wp-content\/uploads\/Nig-300x203.png 300w\" sizes=\"auto, (max-width: 578px) 100vw, 578px\" \/><\/p>\n<p id=\"caption-attachment-125203\" class=\"wp-caption-text\">Data: BitcoinPriceMap.<\/p>\n<\/div>\n<p>According to <a href=\"https:\/\/trends.google.ru\/trends\/explore?date=today%201-m&#038;q=bitcoin\" target=\"_blank\" rel=\"noopener\">Google Trends<\/a>, the African country ranks first worldwide in interest in Bitcoin.<\/p>\n<div id=\"attachment_125205\" style=\"width: 1152px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-125205\" class=\"size-full wp-image-125205\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/3-227.png\" alt=\"BTC price in Nigeria reached $76,000\" width=\"1142\" height=\"379\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/3-227.png 1142w, https:\/\/u1f987.com\/wp-content\/uploads\/3-227-300x100.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/3-227-1024x340.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/3-227-768x255.png 768w\" sizes=\"auto, (max-width: 1142px) 100vw, 1142px\" \/><\/p>\n<p id=\"caption-attachment-125205\" class=\"wp-caption-text\">Popularity of the search term \u201cbitcoin\u201d by country over the last 30 days. Data: Google Trends.<\/p>\n<\/div>\n<p>In 2017, Nigeria&#8217;s central bank acknowledged that regulating or halting the spread of the first cryptocurrency is impossible.<\/p>\n<p>In October 2020, Twitter CEO Jack Dorsey urged users <a href=\"https:\/\/u1f987.com\/en\/news\/jack-dorsey-urged-bitcoin-donations-to-those-affected-by-nigerias-police-brutality-protests\">to donate bitcoins<\/a> to those harmed by abuses of law enforcement in the country.<\/p>\n<p>Earlier the Nigerian Securities and Exchange Commission (SEC) <a href=\"https:\/\/u1f987.com\/en\/news\/nigerian-regulator-classifies-crypto-assets-as-securities\">recognised digital assets as securities, &#8216;unless proven otherwise&#8217;<\/a>.<\/p>\n<p>In November 2020, the country\u2019s Finance Ministry announced the start of work with the SEC <a href=\"https:\/\/u1f987.com\/en\/news\/nigerian-authorities-to-develop-legal-standards-for-cryptocurrencies\">on legal standards for cryptocurrencies<\/a>.<\/p>\n<p>Subscribe to ForkLog\u2019s Telegram news: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog Feed<\/a> \u2014 full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The price of the first cryptocurrency in Nigeria surpassed $76,000 after the central bank banned financial institutions from providing services to exchanges and cryptocurrency-related companies.<\/p>\n","protected":false},"author":1,"featured_media":36655,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,150],"class_list":["post-36654","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-nigeria"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36654","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=36654"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36654\/revisions"}],"predecessor-version":[{"id":36656,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36654\/revisions\/36656"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/36655"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=36654"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=36654"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=36654"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}