With such high dollars exchange rate, we're buying at least 27% higher than what the international exchanges are selling providing we can get dollars with in the official CBN dollars exchange rate although that's not the case as neither the banks or black market are selling at the official price, they have their profits inputted and it skyrocket the exchange rate.
Thanks for pointing this out, exactly what happened. But, immediately after CBN banned crypto, there were false news all around that is misleading people into thinking the price of bitcoin increased in Nigeria and selling at higher price of which it is false.
In the wake of the recent ban on Nigerian banks' servicing of crypto exchanges, Bitcoin's price in the country has seemingly spun out of control.
Even, before the crypto ban, this is how bitcoin is sold while the CBN exchange rate for US dollar is not what crypto exchanges are using in Nigeria, crypto exchange price is even $100 higher. And if CBN legalized crypto in Nigeria back, nothing is going to change because it has been like that right from the beginning.