Recently, it was reported that the Nigerian government is seeking compensation of $10 billion due to the significant impact of Binance on the local currency exchange rate (which has depreciated by over 70% in the past year). However, the actual situation has not been further confirmed. Today (3/5), Binance announced that it will withdraw its Naira (NGN) services and cease the Naira (NGN) services on its platform.
Binance Announces Withdrawal from Nigerian Fiat Service, 3/8 Auto-Conversion to USDT