As part of effort to strengthen Nigeria’s currency, the federal government has declared that it will take the naira off of all peer-to-peer (P2P) exchanges.
This was disclosed by the director general of the Securities and Exchange Commission (SEC) Emomotimi Agama during a virtual conference with blockchain stakeholders on Monday.
He said the goal of the resolution is to combat manipulation of the value of the local currency in the foreign exchange market.
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