BrodaBenad:
They're working hard to make sure people don't invest in other currencies to avert the effect of crumbling naira

That's where they get it wrong we can still P2P

zinosleek:
well binance may still be a platform where people can trade and keep their crypto. We just cant convert to naira on the platform anymore. it does provide a secured platform for converting crypto to naira though

FuckYeyeMods:
This government deserve to be giving a proper support.
It totally shows they know what they're doing.
If its another government, they will ban Nigerians from Binance entirely but they show that they are actually after fixing the loopholes.
Either you support the government or not, we know the president that would have force Binance to close all accounts of Nigerians on binance or completely bare the network.

mariahAngel:
Eeeh! Let them stop, so we can know where the problem is coming from.

At least, the economy has been a bit stable of recent.

millionboi2:
you are a big fool to think innocent binnance and not your corrupt leaders is responsible for the rise in dollar....I wouldn't follow you to be that foolish

richeeyo:

And our youths would come out and insult the government for fighting for our interest

richeeyo:

You personally stated how foolish you are
A company banned by the top 10 world biggest economies
And a fool on nairaland wants to be relevant
Pack one side

EnglishUsa:
70 years from now this comment section will be filled with dead people’s comment😔💔 live good life and help one another, stop been sentimental and tribalistic, stop insulting each other here and try to bring ideas that will lift people from poverty, use the hate energy comments to bring positive changes to others

Meanwhile, the governor of Abia state has shown us through his projects in abia state that president is not really the problem of Nigeria but the state governors and other branch of the government are the problem... I kept wondering where abia state governor is bringing all the money he is using to build projects in abia state but, other governors left there without anything to show... They kept saying abia state don't have money.

Babysho:


Make I help that guy answer you. Binance is just the scapegoat. There are dozens of other p2ps in these "top 10 world biggest economies" still operating and their economies still dwindling, USA and UK are good examples. They are still experiencing an inflation there.

Ultimately, I think it's just a symptom of capitalism. It's never enough to go round so people will usually find their own way to attack the system to survive.

MrFixIt007:
Na wa.......By now Naira supposed be 700 since Binance and Aboki black market changers were the problem .........How will a country that is not productive grow?

References1:

Binance will stop all transactions and trading in Nigeria's local currency after March 8 amid a country-wide crackdown on crypto exchanges that have been blamed by authorities for feeding a black market for foreign exchange.

It will stop supporting withdrawals after Friday and any remaining balances in Nigerian Naira will be automatically converted into Tether - a stablecoin whose value is pegged to the U.S. dollar.

Last week, Nigerian authorities detained two Binance senior executives on undisclosed charges as part of the crackdown.
They were still in custody, their local lawyer said before a parliamentary committee on Monday.


https://www.reuters.com/technology/binance-stop-services-nigerian-naira-amid-crackdown-crypto-exchanges-2024-03-05/

richeeyo:

Get the Bleep of

millionboi2:
that why I said you are a big fool,so why haven't you used it on your corrupt politicians....dummy.

millionboi2:
mumu..... you are a dummy, didn't you hear that about $300m was given to banks to sell to bdc,that brought relief in dollars skyrocketing and not binnance,in your dream with the thieves you have as leaders dollar will trade below #1k again?u are joking.

Theunbothered:


Last time it was abokifx now it's binance, after floating the naira to "let the market decide" "the government is now attacking markets like the floating never happened.

If they like let them block the whole internet as long as more people want to leave there will always be demand for foriegn currency over the naira.

richeeyo:

You personally stated how foolish you are
A company banned by the top 10 world biggest economies
And a fool on nairaland wants to be relevant
Pack one side

millionboi2:
you lack information,that's your problem...thy created their own Binnance,thy didn't ban it,no dey jok mouth for wetin u no get any idea on,it makes you look foolish.

Tap0lane:
If it was not Binance why as the over ₦100 lost to the dollar stopped since Binance closed office ? This is the second week shouldn't dollar be trading at over ₦2000 now as it were when Bianance was running the show ? Why as the dollar stayed stagnant or gaining instead of losing ?!

So you mean only a single saboteur is plaguing Nigeria that is why abokifx n binance can not be doing damage at the same time with same motives ? You mean both are saint n does only legitimate Business, no manipulation or speculation ? Bro why una de reason like this now.