Trading - Intelpoint

Search results for

67.2% of active crypto users use cryptocurrency primarily for investment

A majority (67.2%) of Nigerian crypto users (17.7 million people) use digital assets mainly for investment and long-term financial growth.
Overall, 26.34 million Nigerians—over one in eight adults—actively use or hold cryptocurrency, giving the country the highest adoption rate globally.
About 18.4% (4.8 million) use crypto for everyday needs such as remittances, payments, and inflation protection.
14.4% (3.8 million) identify as active traders, providing liquidity and earning income through market participation.

Nigeria's stock market dominates foreign investments inflow with $48 billion in shares over ten years

Nigeria's economy attracted $114 billion in the past decade from foreign investors. They invested $48 billion in shares, making up 42% of total capital imports. The Banking and Finance sectors followed with $21.6 billion and $15.7 billion, respectively, accounting for a combined 33%. Manufacturing, Telecommunications, and Servicing sectors collectively attracted $19.2 billion. Businesses related to Trading, Agriculture, and Oil and Gas each received 2%. This distribution underscores investors' confidence in Nigeria's financial services sector over others.