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Binance Announces Delisting of NGN/USDT Trading Pair
Binance, one of the world's largest cryptocurrency exchanges, has made the decision to delist the Nigerian Naira (NGN) and Tether (USDT) trading pair effective March 7, 2024. This move comes as part of Binance's ongoing efforts to maintain compliance with regulatory standards and ensure the safety of its users.
The NGN/USDT trading pair has been a popular choice for traders looking to exchange Nigerian Naira for the stablecoin Tether, which is pegged to the US Dollar.
Traders who currently hold NGN or USDT on Binance are advised to take any necessary actions, such as withdrawing their funds or adjusting their trading strategies, before the delisting takes effect on March 7, 2024.
#NGN/USDT #nigeriaP2P
Binance, one of the world's largest cryptocurrency exchanges, has made the decision to delist the Nigerian Naira (NGN) and Tether (USDT) trading pair effective March 7, 2024. This move comes as part of Binance's ongoing efforts to maintain compliance with regulatory standards and ensure the safety of its users.
The NGN/USDT trading pair has been a popular choice for traders looking to exchange Nigerian Naira for the stablecoin Tether, which is pegged to the US Dollar.
Traders who currently hold NGN or USDT on Binance are advised to take any necessary actions, such as withdrawing their funds or adjusting their trading strategies, before the delisting takes effect on March 7, 2024.
#NGN/USDT #nigeriaP2P
🚨JUST IN Binance 🚨
THE NIGERIAN GOVERNMENT IS REQUESTING $10 BILLION FROM BINANCE, ALLEGING THAT THE EXCHANGE GAINED PROFITS FROM WHAT THEY CONSIDER "ILLEGAL TRANSACTIONS.
#TrendingTopic #Portal #WIF #BTC #nigeriaP2P
THE NIGERIAN GOVERNMENT IS REQUESTING $10 BILLION FROM BINANCE, ALLEGING THAT THE EXCHANGE GAINED PROFITS FROM WHAT THEY CONSIDER "ILLEGAL TRANSACTIONS.
#TrendingTopic #Portal #WIF #BTC #nigeriaP2P
who else knows why NGN p2p is not working? share ur thoughts in the comment section, way forward?
#nigeriaP2P #Naira
#nigeriaP2P #Naira
hello guys am I the only one that can not deposit naira 😭 #Write2Earn #nigeriaP2P
📢📢📢📢 Calling all Nigeria P2P Enthusiasts! 📢📢📢✅✅✅
👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇
💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰👆👆
Exciting news for our Nigerian community: Even though the P2P feature might be gone, fear not! 🇳🇬 You can still seamlessly withdraw funds from Binance by tapping into the merchant option. 💼 Simply convert your currency to NGN and withdraw hassle-free.
To swap your USDT for NGN, navigate to the trade section, select NGN from your portfolio, and hit the "WITHDRAW" button. Then, fill in your bank details, and voila! 💸 Binance has everything sorted out like a charm! 😄 Cheers to smoother transactions ahead!
#Nigeria's #nigeriaP2P #BNB #BTCPrize $BTC $BNB
$FDUSD #Portal 🎉
👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇
💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰👆👆
Exciting news for our Nigerian community: Even though the P2P feature might be gone, fear not! 🇳🇬 You can still seamlessly withdraw funds from Binance by tapping into the merchant option. 💼 Simply convert your currency to NGN and withdraw hassle-free.
To swap your USDT for NGN, navigate to the trade section, select NGN from your portfolio, and hit the "WITHDRAW" button. Then, fill in your bank details, and voila! 💸 Binance has everything sorted out like a charm! 😄 Cheers to smoother transactions ahead!
#Nigeria's #nigeriaP2P #BNB #BTCPrize $BTC $BNB
$FDUSD #Portal 🎉
Important Announcement for Binancians: Discontinuation of NGN Services
Dear Binancians,
We would like to inform you of some important changes regarding Nigerian Naira (NGN) services on the Binance platform. Please take note of the following timeline:
1. Withdrawal Deadline: Binance will discontinue support for NGN deposits after 2024-03-05 14:00 (UTC). Users are encouraged to withdraw their NGN funds or trade them for other assets before this deadline.
2. Delisting of NGN Pairs: Binance Auto-Invest will delist NGN after 2024-03-06 03:00 (UTC). NGN will also be removed from the list of supported payment options on Binance Pay at the same time.
3. Delisting of NGN Convert Pairs: Binance Convert will delist NGN and all corresponding pairs at 2024-03-07 02:00 (UTC).
4. Delisting of NGN Spot Trading Pairs: NGN Spot Trading pairs (e.g., BTC/NGN and USDT/NGN) will be delisted at 2024-03-07 03:00 (UTC).
5. Withdrawal Deadline: Withdrawals of NGN will not be supported after 2024-03-08 06:00 (UTC).
6. Conversion of Remaining NGN Balances:
Binance will automatically convert any remaining NGN balances in users’ Spot and Funding wallets into USDT at a ratio of 1 USDT = 1,515.13 NGN after 2024-03-08 08:00 (UTC). The conversion rate is calculated based on the average closing price of the USDT/NGN trading pair on Binance Spot in the last seven days.
Please note the following:
- The conversion process may take up to 24 hours or longer.
- Users will receive USDT tokens in their Spot wallets after the conversion, and they can confirm receipt of the tokens via the Convert History page.
- Users holding less than 0.00000001 USDT worth of NGN will receive 0.00000001 USDT in their Spot wallets after the conversion.
For more information, please visit Binance official website
We appreciate your support as we strive to build a transparent and sustainable crypto ecosystem. Please note that Binance reserves the right to amend or cancel this announcement at any time and for any reasons without prior notice.
#TrendingTopic #BTC #nigeriaP2P #NigerianTraders #SHIB
Dear Binancians,
We would like to inform you of some important changes regarding Nigerian Naira (NGN) services on the Binance platform. Please take note of the following timeline:
1. Withdrawal Deadline: Binance will discontinue support for NGN deposits after 2024-03-05 14:00 (UTC). Users are encouraged to withdraw their NGN funds or trade them for other assets before this deadline.
2. Delisting of NGN Pairs: Binance Auto-Invest will delist NGN after 2024-03-06 03:00 (UTC). NGN will also be removed from the list of supported payment options on Binance Pay at the same time.
3. Delisting of NGN Convert Pairs: Binance Convert will delist NGN and all corresponding pairs at 2024-03-07 02:00 (UTC).
4. Delisting of NGN Spot Trading Pairs: NGN Spot Trading pairs (e.g., BTC/NGN and USDT/NGN) will be delisted at 2024-03-07 03:00 (UTC).
5. Withdrawal Deadline: Withdrawals of NGN will not be supported after 2024-03-08 06:00 (UTC).
6. Conversion of Remaining NGN Balances:
Binance will automatically convert any remaining NGN balances in users’ Spot and Funding wallets into USDT at a ratio of 1 USDT = 1,515.13 NGN after 2024-03-08 08:00 (UTC). The conversion rate is calculated based on the average closing price of the USDT/NGN trading pair on Binance Spot in the last seven days.
Please note the following:
- The conversion process may take up to 24 hours or longer.
- Users will receive USDT tokens in their Spot wallets after the conversion, and they can confirm receipt of the tokens via the Convert History page.
- Users holding less than 0.00000001 USDT worth of NGN will receive 0.00000001 USDT in their Spot wallets after the conversion.
For more information, please visit Binance official website
We appreciate your support as we strive to build a transparent and sustainable crypto ecosystem. Please note that Binance reserves the right to amend or cancel this announcement at any time and for any reasons without prior notice.
#TrendingTopic #BTC #nigeriaP2P #NigerianTraders #SHIB
Ever since the Nigerian Government accused Binance and it's users to be the cause of dollars rising.
They succeeded in banning Nigerians from trading with the platform, but the Naira is not going down, rather is still climbing slowly.
So what could be the real reason behind all these? Is it that they just want to extort money from Binance? Punish crypto traders for no reason? Just want to make excuses to hide their incompetency?
Because they are the ones keeping their money in dollars, selling our raw materials in dollars, setting their budgets and contracts in dollars.
Meanwhile no industry to employ the citizens, we not producing anything. People are jobless..... are they nor seeing all these things?
#TrendingTopic #Nigeria's #nigeriaP2P #DOLLAR/NAIRA
They succeeded in banning Nigerians from trading with the platform, but the Naira is not going down, rather is still climbing slowly.
So what could be the real reason behind all these? Is it that they just want to extort money from Binance? Punish crypto traders for no reason? Just want to make excuses to hide their incompetency?
Because they are the ones keeping their money in dollars, selling our raw materials in dollars, setting their budgets and contracts in dollars.
Meanwhile no industry to employ the citizens, we not producing anything. People are jobless..... are they nor seeing all these things?
#TrendingTopic #Nigeria's #nigeriaP2P #DOLLAR/NAIRA
Binance is in hot water in Nigeria in the aftermath of its settlement with the U.S. Department of Justice (DOJ). Nigeria’s House of Representatives Committee on Financial Crimes issued an ultimatum to Binance CEO Richard Teng on Friday, according to a local news report.
Ginger Onwusibe, the chairman of the committee, has asked Teng to appear before the committee by March 4. The summons was issued over its alleged involvement in financial crimes, including money laundering and terrorism financing.
Onwusibe warned that Teng’s failure to answer the summons would force the committee to invoke its constitutional powers and take appropriate steps.
In its U.S. plea deal, which received the judge’s approval last week, Binance pled guilty to money laundering and terrorism financing. The exchange also agreed to pay a historic fine of $4.3 billion and operate with monitoring as part of its settlement.
👇👇👇👇👇👇👇
FOLLOW FOR MORE
@pro_digitalss
$BNB $ETH $BTC #TrendingTopic #nigeriaP2P #NigeriaCrypto #NigeriaTech #BTC
Ginger Onwusibe, the chairman of the committee, has asked Teng to appear before the committee by March 4. The summons was issued over its alleged involvement in financial crimes, including money laundering and terrorism financing.
Onwusibe warned that Teng’s failure to answer the summons would force the committee to invoke its constitutional powers and take appropriate steps.
In its U.S. plea deal, which received the judge’s approval last week, Binance pled guilty to money laundering and terrorism financing. The exchange also agreed to pay a historic fine of $4.3 billion and operate with monitoring as part of its settlement.
👇👇👇👇👇👇👇
FOLLOW FOR MORE
@pro_digitalss
$BNB $ETH $BTC #TrendingTopic #nigeriaP2P #NigeriaCrypto #NigeriaTech #BTC
follow me and learn how to sell your usdt in Nigeria
this will be in fiat transaction and you can have your money in your bank in no time
#Write2Eam
#nigeriaP2P
this will be in fiat transaction and you can have your money in your bank in no time
#Write2Eam
#nigeriaP2P
Nigerian President Tinubu Files for Fresh Order on Binance Execs’ Detention
A fresh order sought by President Tinubu to continue holding Binance officials, reflecting a strict cryptocurrency stance.
$BTC $BNB $XRP
🎎🎎
2 days ago
stake
Binance News: Binance Unveils Key Update For XRP, WIF, FLOKI, NEAR, GRT
STORY HIGHLIGHTS
The Federal Government of Nigeria seeks to extend the detention of two Binance officials amid a cryptocurrency crackdown.
Tigran Gambaryan and Nadeem Anjarwalla have been in custody for two weeks as investigations continue.
Nigeria intensifies efforts to regulate the cryptocurrency market, blocking Binance's website for Nigerian users.
#NigeriaVsBinance #nigeriaP2P #BTC🔥🔥🔥🔥 #BrokerTradingScam #BlockchainLeaders
A fresh order sought by President Tinubu to continue holding Binance officials, reflecting a strict cryptocurrency stance.
$BTC $BNB $XRP
🎎🎎
2 days ago
stake
Binance News: Binance Unveils Key Update For XRP, WIF, FLOKI, NEAR, GRT
STORY HIGHLIGHTS
The Federal Government of Nigeria seeks to extend the detention of two Binance officials amid a cryptocurrency crackdown.
Tigran Gambaryan and Nadeem Anjarwalla have been in custody for two weeks as investigations continue.
Nigeria intensifies efforts to regulate the cryptocurrency market, blocking Binance's website for Nigerian users.
#NigeriaVsBinance #nigeriaP2P #BTC🔥🔥🔥🔥 #BrokerTradingScam #BlockchainLeaders
Nigerian Govt sends Interpol after fleeing Binance Director
Minister of Information and National Orientation, Mohammed Idris on Monday said there is no hiding place for Nadeem Anjarwalla, a Director of Binance who escaped from custody and fled the country after he was detained by the Nigerian Government.
The minister said the International Police (Interpol) were currently on Anjarwalla’s trail.
Idris was reacting to the Binance executive’s escape from Nigeria.
According to Idris, since Binance is an international firm, there is no way the culprit will evade arrest.
His explanation came barely few hours after the Office of the National Security Adviser confirmed that Anjarwalla, a key suspect in the ongoing criminal investigation regarding Binance’s activities in Nigeria, managed to escape lawful custody on Friday, March 22nd, 2024.
In an official statement released by the Head of Strategic Communication for the Office of the National Security Adviser, Zakari Mijinyawa, it was explained that collaborative efforts between the office, relevant security agencies, various government bodies and the international community are already underway to swiftly locate and detain the fugitive.
The statement stressed that security agencies are working with Interpol for an international arrest warrant on the suspect as preliminary investigation shows that Anjarwalla fled Nigeria using a smuggled passport.
The personnel responsible for the custody of the suspect have been arrested, and a thorough investigation is ongoing to unravel the circumstances that led to his escape from lawful detention.
Anjarwalla, who holds British and Kenyan nationalities and serves as Binance’s Africa regional manager, was being tried by Nigerian courts before he escaped while under a 14-day remand order issued by a court.
He was scheduled to appear before the court again on 4 April 2024.
#NigeriaVsBinance #nigeriaP2P
Minister of Information and National Orientation, Mohammed Idris on Monday said there is no hiding place for Nadeem Anjarwalla, a Director of Binance who escaped from custody and fled the country after he was detained by the Nigerian Government.
The minister said the International Police (Interpol) were currently on Anjarwalla’s trail.
Idris was reacting to the Binance executive’s escape from Nigeria.
According to Idris, since Binance is an international firm, there is no way the culprit will evade arrest.
His explanation came barely few hours after the Office of the National Security Adviser confirmed that Anjarwalla, a key suspect in the ongoing criminal investigation regarding Binance’s activities in Nigeria, managed to escape lawful custody on Friday, March 22nd, 2024.
In an official statement released by the Head of Strategic Communication for the Office of the National Security Adviser, Zakari Mijinyawa, it was explained that collaborative efforts between the office, relevant security agencies, various government bodies and the international community are already underway to swiftly locate and detain the fugitive.
The statement stressed that security agencies are working with Interpol for an international arrest warrant on the suspect as preliminary investigation shows that Anjarwalla fled Nigeria using a smuggled passport.
The personnel responsible for the custody of the suspect have been arrested, and a thorough investigation is ongoing to unravel the circumstances that led to his escape from lawful detention.
Anjarwalla, who holds British and Kenyan nationalities and serves as Binance’s Africa regional manager, was being tried by Nigerian courts before he escaped while under a 14-day remand order issued by a court.
He was scheduled to appear before the court again on 4 April 2024.
#NigeriaVsBinance #nigeriaP2P
A minute of silent for all those who bought US dollars at the rate of #1,870 per dollar ,hoping to sell at #10,000 per dollar by the end of March.
And 30 minutes of silence for those that never wants naira to gain strength, that also don’t know the effect of naira losing strength on the Nigerian economy.
#HotTrends #Write2Erarn #write2earn…. #nigeriaP2P #Nigeria's
And 30 minutes of silence for those that never wants naira to gain strength, that also don’t know the effect of naira losing strength on the Nigerian economy.
#HotTrends #Write2Erarn #write2earn…. #nigeriaP2P #Nigeria's
📢📢📢📢BINANCE FT NIGERIA 📢📢🇳🇬🇳🇬✅💯🆘🆘
Binance didn't say they are living Nigeria.They said they are delisting NGN/USDTpairsDon't mess up your bull run bag You can always trade P2P on Kucoin andOthers.Tell everyone this#TrendingTopic #nigeriaP2P #NigerianTraders #ETH $BTC $BNB $ETH
This is explosive
#nigeriaP2P
#nigeriaP2P
LIVE
TheNewsCrypto
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Nigerian Government Slaps $10 Billion Fine on Binance
In recent months, the government’s position on the exchange has been rather clear.
The government had already arrested officials from Binance.
Binance, a cryptocurrency exchange, has been fined $10 billion by the Nigerian government for making money via “illegal transactions,” according to Bayo Onanuga, a special advisor to President Bola Tinubu. In a Friday interview with the BBC, Onanuga revealed the monetary fine.
In recent months, the government’s position on the exchange has been rather clear. In fact, just this week, the government intended to come down heavily on unpaid taxes from unregistered exchanges, and it had already arrested officials from Binance.
Ongoing Crisis
Binance has had a rough few months. A lengthy U.S probe led to heavy penalties and a leadership transition at Binance after years of scrutiny. A different nation has levied a hefty financial fine on it now.
In an interview with the BBC, the special assistant to President Tinubu said that Binance had been fined $10 billion by the Nigerian government. The nation is calling out the exchange, saying that it made money off of “illegal transactions.”
Onanuga stated:
“The platform fixes the exchange rate for the country and it is an illegal rate. The CBN is the only authority that can fix the change rate for the country. Binance platform harbors people who fix the exchange rate which quickly affects the Nigerian economy for the time when Nigeria is trying to stabilize the economy.”
Since the Naira’s depreciation versus the US dollar has reached new lows, Nigeria is now experiencing a currency crisis. Even before his interview with the BBC, Onanuga had been demanding that Binance explain his views on the cryptocurrency exchange’s impact on the Nigerian economy.
Highlighted Crypto News Today:
Bybit’s Monthly Fiat Cashback Splash: Rewards for Both New and Seasoned Users
The government had already arrested officials from Binance.
Binance, a cryptocurrency exchange, has been fined $10 billion by the Nigerian government for making money via “illegal transactions,” according to Bayo Onanuga, a special advisor to President Bola Tinubu. In a Friday interview with the BBC, Onanuga revealed the monetary fine.
In recent months, the government’s position on the exchange has been rather clear. In fact, just this week, the government intended to come down heavily on unpaid taxes from unregistered exchanges, and it had already arrested officials from Binance.
Ongoing Crisis
Binance has had a rough few months. A lengthy U.S probe led to heavy penalties and a leadership transition at Binance after years of scrutiny. A different nation has levied a hefty financial fine on it now.
In an interview with the BBC, the special assistant to President Tinubu said that Binance had been fined $10 billion by the Nigerian government. The nation is calling out the exchange, saying that it made money off of “illegal transactions.”
Onanuga stated:
“The platform fixes the exchange rate for the country and it is an illegal rate. The CBN is the only authority that can fix the change rate for the country. Binance platform harbors people who fix the exchange rate which quickly affects the Nigerian economy for the time when Nigeria is trying to stabilize the economy.”
Since the Naira’s depreciation versus the US dollar has reached new lows, Nigeria is now experiencing a currency crisis. Even before his interview with the BBC, Onanuga had been demanding that Binance explain his views on the cryptocurrency exchange’s impact on the Nigerian economy.
Highlighted Crypto News Today:
Bybit’s Monthly Fiat Cashback Splash: Rewards for Both New and Seasoned Users
How Binance Manager escaped from Nigeria
The office of the National Security Advisers, ONSA, has confirmed the escape of the Binance regional manager for Africa, Nadeem Anjarwalla.
DAILY POST reports that Anjarwalla, Binance’s Africa regional manager, escaped from custody on March 22, 2024, from an Abuja guest house, where he and his colleague, Tigran Gambaryan, were detained for alleged tax evasion.
A statement issued by ONSA head of strategic communication, Zakari Mijinyawa, said Anjarwalla fled Nigeria using a smuggled passport”.
Mijinyawa said the personnel responsible for the custody of the suspect has been arrested and investigation has begun.
“Preliminary investigation shows that Mr Anjarwalla fled Nigeria using a smuggled passport”.
“The personnel responsible for the custody of the suspect have been arrested, and a thorough investigation is ongoing to unravel the circumstances that led to his escape from lawful detention,” the statement reads.
Meanwhile, Binance in reaction to the development said the safety of its Manager remains top priority.
The firm stressed that it is working with the Nigerian authorities to resolve the issue.
#NigeriaVsBinance #nigeriaP2P
The office of the National Security Advisers, ONSA, has confirmed the escape of the Binance regional manager for Africa, Nadeem Anjarwalla.
DAILY POST reports that Anjarwalla, Binance’s Africa regional manager, escaped from custody on March 22, 2024, from an Abuja guest house, where he and his colleague, Tigran Gambaryan, were detained for alleged tax evasion.
A statement issued by ONSA head of strategic communication, Zakari Mijinyawa, said Anjarwalla fled Nigeria using a smuggled passport”.
Mijinyawa said the personnel responsible for the custody of the suspect has been arrested and investigation has begun.
“Preliminary investigation shows that Mr Anjarwalla fled Nigeria using a smuggled passport”.
“The personnel responsible for the custody of the suspect have been arrested, and a thorough investigation is ongoing to unravel the circumstances that led to his escape from lawful detention,” the statement reads.
Meanwhile, Binance in reaction to the development said the safety of its Manager remains top priority.
The firm stressed that it is working with the Nigerian authorities to resolve the issue.
#NigeriaVsBinance #nigeriaP2P
📢📢📢Binance Removes Nigerian currency Naira (NGN) 📢📢📢📢‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️
⚠️ Binance Removes Nigerian currency Naira (NGN) from BINANCE P2P featureThis is due to the Nigerian government claiming that Binance contributed to the devaluation of the Naira currency in NigeriaPresidential advisor “Bayo Onanuga” says Binance will destroy Nigeria's economy if not stopped for arbitrarily fixing foreign exchange ratesApart from that, the country imposed a FINE of $10B on Binance which considered it an illegal transaction#nigeriaP2P #TrendingTopic #WIF #Portal #BTC $BTC $BNB $FDUSD
Binance P2P Goes Offline for Nigerians; Here’s What We Know
Nigerian users on Binance are currently unable to access the platform’s peer-to-peer (P2P) feature as the service appears to be offline.Users cannot find the NGN on the list of available currencies on the Binance P2P platform.The latest development comes as the Nigerian government struggles to save the free-falling naira (NGN). It remains unclear if the unavailability of the P2P function is part of Binance’s efforts to help salvage the currency or a bug in the system.Binance P2P Feature Unavailable For NigeriansAbout a week ago, Binance capped the selling price of Tether (USDT) tokens on its Nigerian P2P platform to 1,802 NGN per coin and temporarily disabled the sell option for the stablecoin. The move was to ensure compliance with the Nigerian authorities, who have been in a battle against heightened inflation and economic instability in the country.The Binance NGN/USDT price cap blocked traders’ accounts that tried to sell above the limit. This pushed market participants on the exchange to other platforms that had not enforced similar restrictions.In a statement addressing the matter, Binance said the price cap resulted from an automatic system pause triggered by significant currency movement, adding that the issue was temporary as adjustments were being made to resume normal services.However, with the current situation, it appears that the P2P issue is far from over. The Binance customer support team said the P2P unavailability will be fixed soon, and an update on the matter will be provided in time.Naira in Free-fallThe Nigerian crypto community believes the recent incidents are part of a joint effort to combat the naira’s depreciation, as it is unlikely that the biggest crypto P2P market in the world would suddenly go offline.Since mid-2023, NGN has fallen significantly against the United States dollar (USD), crashing in double digits from about 700 NGN/$1 to more than 1,800 NGN/$1. Traders have contributed to this free-fall by manipulating the NGN’s price on Binance P2P through fake ads.The Central Bank of Nigeria and other economic agencies have launched a joint initiative to fight issues like forex speculation, which play a role in the country’s economic instability#TrendingTopic #USDTDaily #p2p #nigeriaP2P #BinanceP2P