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

OsunDailyBy OsunDailyMay 6, 2024No Comments1 Min Read
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FX crisis: Nigerian Govt to delist Naira from peer-to-peer platforms
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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 currencyโ€™s value in the foreign exchange market.

The countryโ€™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.


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Crisis delist Govt Naira Nigerian peertopeer platforms
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