The Federal Government has disclosed plans to delist the Naira from all peer-to-peer, P2P, platforms.


The Director General of the Securities and Exchange Commission, Emomotimi Agama, disclosed this during a virtual meeting with blockchain stakeholders on Monday.

This decision aims to tackle the manipulation of the local currency’s value in the foreign exchange market.


The country’s regulatory authorities have been investigating and scrutinising cryptocurrency exchanges in recent months.

On March 8, the biggest cryptocurrency exchange, Binance, stopped its Naira services.

https://dailypost.ng/2024/05/06/fx-crisis-nigerian-govt-to-delist-naira-from-peer-to-peer-platforms/

Cc: dominique, Mynd44 Nlfpmod

Fighting the wrong battle

Which kind thing be dis

Una never see anything! All these lazy youths depending on P2P for survival. The idiots would buy USDT and keep it for resell or pump USDTNGN through their cartel and cash out.

Economy destroyers (P2P merchants) must be destroyed before they achieve their aim.

If you want to speculate, don't speculate against your own currency! There are hundreds of assets to speculate with. No, they wouldn't, because they aren't ready to pass through the pains of trading financial instruments.

What a lazy generation we have these days! They're both physically and mentally lazy; they don't want to work hard too achieve success.

It was meant to be.

The amount of naira being daily oversupplied for virtual foreign currency is staggering and serious security and economic threat.
God bless Nigeria for ever! Check my signature for free stuffs!

Elliotwaveforec:
Una never see anything! All these lazy youths depending on P2P for survival. The idiots would buy USDT and keep it for resell or pump USDTNGN through their cartel and cash out.

Economy destroyers (P2P merchants) must be destroyed before they achieve their aim.

If you want to speculate, don't speculate against your own currency! There are hundreds of assets to speculate with. No, they wouldn't, because they aren't ready to pass through the pains of trading financial instruments.

What a lazy generation we have these days! They're both physically and mentally lazy; they don't want to work hard too achieve success.

Olodo! If you are now asked to explain how P2P trading has contributed to the collapse of the naira, you will start chewing the end of your pencil. Brain-dead assertion!

The economy has collapsed and you're busy looking for scapegoats.