Nigerians Turn to Crypto Assets as Currency Weakens

Abuja, Nigeria - Cryptocurrency experts say Nigerians are hedging against the drop in value of their currency, the naira, by trading more dollar-denominated digital assets. The naira has been falling to new lows on the black market in Nigeria, Africa's largest and most populated economy. But experts say investing in cryptocurrency is also driving the Nigerian currency's devaluation.

Experts say less volatile digi