Allowed Models

Personal ownership & trading
P2P transactions
Regulated exchanges (VASPs)
Using BTC for remittance/investment
Direct crypto bank integration


Un-Allowed Models

Banks offering crypto services - Restricted CBN eased the ban slightly in 2023 but still keeps an eye closely).
Bitcoin as legal tender  - Naira is the only legal tender in Nigeria
Unlicensed crypto firms -  Illegal   Must register with SEC to operate legally.
Ponzi schemes or fake mining investments - Any bitcoin scams in Nigeria will be prosecuted.