NewStats: 3,263,454 , 8,180,185 topics. Date: Friday, 06 June 2025 at 12:58 AM 4y3f4h

Amid President Bola Tinubu’s government’s clampdown on cryptocurrency to save the battered naira, the world’s biggest cryptocurrency trading platform, Binance, has disabled its peer-to-peer function for Nigerian s.

Peer-to-peer function, popularly known as P2P, allows s, buyers and sellers to trade without third-party interference.

It allowed Nigerian s to trade when former President Muhammadu Buhari banned cryptocurrency in 2021.

With the disabling of the P2P function for Nigerian s, Nigerians might no longer trade on Binance.

People Gazette also noticed that the Nigerian currency was unavailable on Binance on Wednesday.

These follow Olayemi Cardoso, Central Bank of Nigeria governor, saying over $26 billion ed through Binance in the past year on Tuesday at the Monetary Policy Committee (MPC) meeting in Abuja.

Last week, Binance confirmed it was working with Tinubu-led to block dollar-naira trading on the platform.

The cryptocurrency platform also confirmed that its website had been blocked, noting that its app was still functioning for s to access the platform.

In the past week, federal authorities clamped down on cryptocurrency platforms while raiding bureaux de change nationwide to stabilise the free-falling naira.

https://gazettengr.com/binance-disables-p2p-function-amid-clampdown-from-nigerian-authorities/

OP Naira is still there. Search well.
It's just been rebranded to Shege (SHG).

1usd = 1 naira in few days with this outcome

Omoh, see crashing.

Well ,Nigeria, is unpredictable.

Sad, just when I thought of ing binance

E concern them

Cardoso you do this one

VeryWickedMan:
OP Naira is still there. Search well.
It's just been rebranded to Shege (SHG).

Which way out?

The Great Tinubulation continues

It's even more painful to think that come 4 years, Nigerians will still fight for another fool to be president for reasons far below competency and integrity

Rubber of rice is still #7000

Even Binance fear Tinubu lol

nlfpmod:


https://gazettengr.com/binance-disables-p2p-function-amid-clampdown-from-nigerian-authorities/

So what does this signify and what are the alternatives for Nigerians that already have crypto currencies?

Hmm

Broom! Broom! Broooooom!
(Applause)


Come 2027, una go realise the importance of election debates and issue-based campaigns.

Wooh
O ti sun mi
Oti wa de oju e bayi

NGN is now SGH which means Shege Banza

VeryWickedMan:
OP Naira is still there. Search well.
It's just been rebranded to Shege (SHG).

Mad people full NL abeg.🤣🤣

Oh no

Hope all this gra gra will not just work for awhile and later naira will fall to 2,500 to a dollars because I’m Nigeria prices don come down , it’s continuous go up

OK... Some have food...
Some can eat but have no food...

Wahala for P2P merchants

Nlfpmod. I see u

Chai. I am going to relocate to another country. I will leave nigeria for Una. TINUBU Tinubu GOD YOU THIS IS WHAT SOME UNEMPLOYED NIGERIAN YOUTHS DO TO SURVIVE NOW U BANNED IT WE WIL PRAY TO ALMIGHTY GOD TO FIGHT OUR CAUSE. WHAT HAPPENED TO ABACHA GOD FOUGHT FOR US

Waohhh!
Any small relief from shege is being blocked. We're in a blackhole. No escape

That's was the only way i could get money easily from my album streams.

Perfectman91:
Sad, just when I thought of ing binance

Same as I.

Anything to stabilize and strengthen Nigerian economy is welcome.
The suffering is becoming unbearable 💔

Omo..e be like naira will be 1200 in two days