Today on KWIQ: 1 USDT = ₦1,348.89 · 1 BTC = ₦102,198,867
All rates →KWIQ Naira Crypto Report
A report for every month since January 2017 on crypto and the naira in Nigeria: what Bitcoin and ether did in dollars, the Central Bank of Nigeria’s official rate, and the naira’s market rate. From May 2021, reports also show what Nigerians did on KWIQ: which coins they sold, crypto against gift cards, where the naira went and the rates KWIQ paid, from anonymised sales, as percentages and rates only.
Bitcoin and the naira since 2017
The CBN’s official rate went from ₦304.5 per dollar in January 2017 to ₦1,345.76 in October 2026, and Bitcoin from $973 to $77,424.
The CBN’s official rate at the end of each year, in naira per US dollar.
View as a table
| Year | Bitcoin at year end | Official rate | Market rate |
|---|---|---|---|
| 2017 | $13,863 | ₦305.5 | No data |
| 2018 | $3,692 | ₦306.5 | ₦355.61 |
| 2019 | $7,166 | ₦306.5 | ₦359.07 |
| 2020 | $28,990 | ₦379.5 | ₦475.99 |
| 2021 | $46,211 | ₦412.99 | ₦566.86 |
| 2022 | $16,530 | ₦448.55 | ₦729.8 |
| 2023 | $42,288 | ₦899.39 | ₦1,193.5 |
| 2024 | $93,354 | ₦1,535.32 | ₦1,635.6 |
| 2025 | $87,498 | ₦1,435.26 | ₦1,467.46 |
| 2026 (to October) | $77,424 | ₦1,345.76 | ₦1,374.18 |
On KWIQ this year: USDT’s share of crypto sales
USDT’s share of crypto sold on KWIQ by value went from 1.6% in Jan to 10.3% in Oct, with a high of 28%.
View as a table
| Month | USDT share of crypto sales |
|---|---|
| Jan | 1.6% |
| Feb | 9.4% |
| Mar | 5.3% |
| Apr | 2.6% |
| May | 3.1% |
| Jun | 4.2% |
| Jul | 16.4% |
| Aug | 28% |
| Sep | 12.8% |
| Oct | 10.3% |
Latest reports
- October 2026Ether and USDC took their biggest shares of crypto sales this year in OctoberBitcoin $77,424 · Official rate ₦1,345.76 · Market ₦1,363.8 · KWIQ figuresRead the report
- September 202699.5% of naira payouts went to fintech accounts in SeptemberBitcoin $83,556 · Official rate ₦1,328.66 · Market ₦1,370.82 · KWIQ figuresRead the report
- August 2026USDT hit 28% of crypto sales in August, its highest share this yearBitcoin $78,563 · Official rate ₦1,332.44 · Market ₦1,392 · KWIQ figuresRead the report
- July 2026USDT reached 16% of crypto sales in July as sales bounced back 17%Bitcoin $62,826 · Official rate ₦1,367.72 · Market ₦1,393.95 · KWIQ figuresRead the report
- June 2026Crypto sales slowed in June, with Bitcoin at 88% of salesBitcoin $58,524 · Official rate ₦1,379.18 · Market ₦1,386.5 · KWIQ figuresRead the report
- May 2026May’s evening rush: the 7pm hour was 94% busier than an average hourBitcoin $73,575 · Official rate ₦1,372.75 · Market ₦1,377.94 · KWIQ figuresRead the report
- April 2026Litecoin jumped to 7% of crypto sales in AprilBitcoin $76,306 · Official rate ₦1,374.44 · Market ₦1,384.24 · KWIQ figuresRead the report
- March 2026Crypto sales rose 10.5% in March, with Bitcoin back above 92% of salesBitcoin $68,222 · Official rate ₦1,386.22 · Market ₦1,402.54 · KWIQ figuresRead the report
- February 2026USDT’s share of crypto sales rose almost sixfold in February, to 9.4%Bitcoin $66,968 · Official rate ₦1,362.9 · Market ₦1,381.57 · KWIQ figuresRead the report
- January 2026Bitcoin made up 94% of crypto sold on KWIQ in January, and over half of sales came from first-time sellersBitcoin $78,648 · Official rate ₦1,386.05 · Market ₦1,471.42 · KWIQ figuresRead the report
Showing 1–10 of 118 reports
How we measure
- Each report covers one calendar month. Prices come from Coinbase, the official rate from the CBN and the market rate from a leading Nigerian crypto exchange.
- KWIQ’s own figures come from anonymised sales: percentages, indices and the rates KWIQ actually paid, never amounts, totals or anything about individual users.
- Payout destinations are grouped into fintech accounts and commercial banks; we don’t publish figures for individual banks.
- Each report lists anything that makes that month’s figures less precise, such as small samples or what older systems didn’t record.
Use the figures
Journalists, bloggers and researchers are welcome to quote these reports, with a credit to KWIQ and a link to the report. A new report is published early each month. For interviews or more detail, email admin@kwiq.app. For today’s rates, see crypto to naira rates.
