Together with the other charges, The Nigerian government used the excuse of Binance and some other exchanges having a hand in affecting the exchange rate of the Naira against dollars to pursue Binance p2p from operating in the country. Much has not changed ever since and the Dollar exchange rate is as high as it was even without Binance.
Don't you think our government should allow Binance back into business in Nigeria and drop the money laundering case?
OP this further prove how senseless our leaders are, they know the cause why the naira is depreciating against the dollar but they are playing blame game. Looking for excuses here and there. Binance is not the only exchange operating 2p2 in the country, why Binance? If they are sincer to stop p2p in the country to boost the naira, why not stop other exchange. I think is a personal beef with Binance or Binance refused to give them bribe. Because of government only fight those that refused to compromise.
Nothing has really changed ever since they stopped Binance p2p. And nothing will ever change bcos Binance is not the problem. A country that produces nothing wants their country currency to appreciate, is not possible now. You have to be a producing nation to have a strong economy. A consumption country like Nigeria can never have a strong currency. And the government knows about this, but as usual they will blame it on something they have no control over.and forget to do the right things that will strong the Naira.
