Due to the ban of cryptocurrency transactions in Nigeria by the Central Bank of Nigeria in February 2021, Nigeria crypto traders had been left with no other option than to resort to peer-to-peer trading. Some of the platforms being used by Nigerians are Remitano, Binance, Paxful, LocalBitcoins among others.
Ever since the crackdown on crypto trading in February, Nigeria has seen a 27% increase in peer-to-peer (P2P) bitcoin trading, according to data from analytics platform UsefulTulips.
In a move to better understand the crypto market, the Securities and Exchange Commission (SEC) has said it is in discussion with the Central Bank of Nigeria (CBN) and hot to regulate the cryptocurrency market in the country.

Read full story at https://techglidar.com/2021/04/26/bitcoin-peer-to-peer-trading-increases-by-27-since-cbns-ban/