FX crisis: Nigerian Govt to delist Naira from peer-to-peer platforms - Uju Ayalogu's Blog for News, Reviews, Articles and More

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Monday 6 May 2024

FX crisis: Nigerian Govt to delist Naira from peer-to-peer platforms

FX crisis: Nigerian Govt to delist Naira from peer-to-peer platforms


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.


READ ALSO: ‘Tinubu can govern from anywhere in the world’ – Bwala tackles Atiku, others


Source : NigerianEye


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