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Omolee
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#BreakingNews Binance officially announced today that it will discontinue all Nigerian Naira (NGN) services as per the timeline below. Users with Naira assets are encouraged to withdraw, trade, or convert their Assets into other cryptocurrencies. NAIRA FUNCTIONS STOP DATES AND TIMELINE Naira deposit: 2024-03-05 14:00 (UTC).  Naira Auto-invest: 2024-03-06 03:00 (UTC) Naira payment options: 2024-03-06 03:00 (UTC) Naira convert options: 2024-03-07 02:00 (UTC) Naira spot trading Pairs (BTC/NGN) and (USDT/NGN): 2024-03-07 03:00 (UTC) Naira withdrawal: 2024-03-08 06:00 (UTC) N. B: See the Binance site for more info. #TrendingTopic #Write2Eam #PEPE‏ #NGN
#BreakingNews Binance officially announced today that it will discontinue all Nigerian Naira (NGN) services as per the timeline below.
Users with Naira assets are encouraged to withdraw, trade, or convert their Assets into other cryptocurrencies.

NAIRA FUNCTIONS STOP DATES AND TIMELINE

Naira deposit: 2024-03-05 14:00 (UTC). 
Naira Auto-invest: 2024-03-06 03:00 (UTC)
Naira payment options: 2024-03-06 03:00 (UTC)
Naira convert options: 2024-03-07 02:00 (UTC)
Naira spot trading Pairs (BTC/NGN) and (USDT/NGN): 2024-03-07 03:00 (UTC)
Naira withdrawal: 2024-03-08 06:00 (UTC)
N. B: See the Binance site for more info.
#TrendingTopic #Write2Eam #PEPE‏ #NGN
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Baissier
What is #binance doing about #NGN in #P2P ? Why is Naira gaining value to Dollar ???🤦🏽‍♂️ And price of commodities in the current is still on the rise
What is #binance doing about #NGN in #P2P ? Why is Naira gaining value to Dollar ???🤦🏽‍♂️ And price of commodities in the current is still on the rise
Hi guys, I was just wondering if anyone else feels the same way, especially those of us, like Nigerians, with very weak currency against the #dollar When I lose like $5 on my portfolio it doesn't really hurt after all #crypto is volatile but when the transaction is in #NGN and you see up to ₦8k gone, omo depression can come o. Does anybody feel this way too. Let me know in comments. #money #psychology
Hi guys,
I was just wondering if anyone else feels the same way, especially those of us, like Nigerians, with very weak currency against the #dollar

When I lose like $5 on my portfolio it doesn't really hurt after all #crypto is volatile but when the transaction is in #NGN and you see up to ₦8k gone, omo depression can come o.

Does anybody feel this way too. Let me know in comments.

#money #psychology
#NGN I will kindly suggest that you meticulously observe the network you intend to transfer with and that you wish to deposit to. Most people have lost their asset as result of not just the wrong wallet address but using the wrong network. There are several network all of which are Reliable but always recommend the #bsc (bep20) and sometimes trx network because of its low fees Feel free to share your preferred network #TrendingTopic . #Write2Eam
#NGN I will kindly suggest that you meticulously observe the network you intend to transfer with and that you wish to deposit to. Most people have lost their asset as result of not just the wrong wallet address but using the wrong network. There are several network all of which are Reliable but always recommend the #bsc (bep20) and sometimes trx network because of its low fees
Feel free to share your preferred network
#TrendingTopic
.
#Write2Eam
#NGN please I want to buy USDT with NGN bank transfer
#NGN please I want to buy USDT with NGN bank transfer
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Binance Announcement
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Binance to Discontinue All Nigerian Naira (NGN) Services
This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance will discontinue all Nigerian Naira (NGN) services as per the timeline below.
Users are encouraged to withdraw NGN, trade their NGN assets or convert NGN into crypto prior to the discontinuation of these NGN services.
From 2024-03-08 08:00 (UTC), any remaining NGN balances in users’ Binance accounts will be automatically converted to USDT based on the conversion rate below.
Deposits, Withdrawals and Conversions:
Binance will not support deposits of NGN after 2024-03-05 14:00 (UTC). Withdrawals of NGN will not be supported after 2024-03-08 06:00 (UTC).After 2024-03-08 08:00 (UTC), Binance will convert any remaining NGN balances in users’ Spot and Funding wallets into USDT on behalf of users at a ratio of 1 USDT = 1,515.13 NGN. Please note that 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. The conversion may take approximately up to 24 hours or longer. USDT tokens will be credited to users’ Spot wallets thereafter, and users can confirm receipt of the tokens via the Convert History page. If users hold less than 0.00000001 USDT worth of NGN in their Spot and Funding wallets, they will each receive 0.00000001 USDT in their Spot wallets after the conversion.
Spot:
Binance will delist all existing NGN spot trading pairs (i.e., BTC/NGN and USDT/NGN) at 2024-03-07 03:00 (UTC).All open spot orders with respect to the above trading pairs will automatically be closed when trading ceases in the relevant trading pair.Users should ensure they have not selected “Hide Small Balances” in all of their wallets to view their assets after trading ceases.
Convert:
Binance Convert will delist NGN and all corresponding pairs at 2024-03-07 02:00 (UTC).
Binance P2P:
Binance P2P delisted all NGN trading pairs at 2024-02-28 15:00 (UTC).
Auto Invest:
Binance Auto-Invest will delist NGN after 2024-03-06 03:00 (UTC). Users may choose to remove the plan(s) beforehand. Otherwise, the next recurring cycle of the aforementioned token(s) will fail.
Binance Pay:
Binance will remove NGN from the list of supported payment options on Binance Pay at 2024-03-06 03:00 (UTC).
We thank you for your support as we continue to build the crypto ecosystem in a way that promotes transparency and long-term, sustainable growth.
Note: There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2024-03-05
#NGN how will Nigeria citizens now get there usdt from their wallet into their local bank account
#NGN how will Nigeria citizens now get there usdt from their wallet into their local bank account
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Haussier
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Haussier
Congratulations Nigeria, now that the ban on Crypto like Bitcoin & other digital assets has been lifted by the Central Bank of Nigeria (CBN) and all the citizens can buy cryptocurrencies like #SOL #BNB  #ETH #USDT and more with Naira debit/credit card, and can also make payments with it This is one of the big news to crypto community 🚀 $BTC #NGN
Congratulations Nigeria, now that the ban on Crypto like Bitcoin & other digital assets has been lifted by the Central Bank of Nigeria (CBN) and all the citizens can buy cryptocurrencies like #SOL #BNB  #ETH #USDT and more with Naira debit/credit card, and can also make payments with it
This is one of the big news to crypto community
🚀 $BTC #NGN
It’s getting crazy over #NGN here How can I deposit into my account and withdraw #NGN
It’s getting crazy over #NGN here
How can I deposit into my account and withdraw #NGN
#USDT vs #NGN 🤦🏼‍♂️🤦🏼‍♂️🤦🏼‍♂️
#USDT vs #NGN
🤦🏼‍♂️🤦🏼‍♂️🤦🏼‍♂️
#NGN what are your thoughts on the Naira hitting 2,000, any possibility? I am at a huge loss already I bought at 1,134
#NGN what are your thoughts on the Naira hitting 2,000, any possibility? I am at a huge loss already I bought at 1,134
How Devalued have the Nigerian Local Currency “Naira” Become 💔In order to understand the magnitude of loss the Naira (#NGN )is experiencing, lets quickly do a comparison. Here is a comparison of the prices of Bitcoin in Naira at different times in the black market rate . As you can see, the price of $BTC Bitcoin in Naira has increased by about 8%🟢 since the last bull run in December 2017. However, the Naira has also lost about 40% 🔻 of its value against the USD in the same time period. This means that the actual purchasing power of Bitcoin in Nigeria has decreased by about 32% 🔻since December 2017. Additionally, the devaluation of the Naira is a volatile process and it is impossible to predict how much the Naira will be worth in the future. Overall, the price of Bitcoin in Naira has increased since the last bull run, but the purchasing power of Bitcoin in Nigeria has decreased due to the devaluation of the Naira. #bitcoin #crypto

How Devalued have the Nigerian Local Currency “Naira” Become 💔

In order to understand the magnitude of loss the Naira (#NGN )is experiencing, lets quickly do a comparison.

Here is a comparison of the prices of Bitcoin in Naira at different times in the black market rate .

As you can see, the price of $BTC Bitcoin in Naira has increased by about 8%🟢 since the last bull run in December 2017. However, the Naira has also lost about 40% 🔻 of its value against the USD in the same time period. This means that the actual purchasing power of Bitcoin in Nigeria has decreased by about 32% 🔻since December 2017.

Additionally, the devaluation of the Naira is a volatile process and it is impossible to predict how much the Naira will be worth in the future.

Overall, the price of Bitcoin in Naira has increased since the last bull run, but the purchasing power of Bitcoin in Nigeria has decreased due to the devaluation of the Naira.

#bitcoin #crypto
Who is ready for cNaira ??? The cNGN, which will be launched on February 27, 2024, is powered by the Africa Stablecoin Consortium (ASC), a consortium of Nigerian financial institutions, fintechs, and blockchain experts. What are your thoughts?? #NGN #NigeriaAcceptsCrypto #CryptoPredictions2024
Who is ready for cNaira ???

The cNGN, which will be launched on February 27, 2024, is powered by the Africa Stablecoin Consortium (ASC), a consortium of Nigerian financial institutions, fintechs, and blockchain experts.

What are your thoughts??
#NGN #NigeriaAcceptsCrypto #CryptoPredictions2024
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Haussier
For my Nigerian people , This is a perfect analysis of the NGN currency, we can see a strong resistance ..and we are holding to a very strong buy possible . NOTE: news comes out Thursday/Friday, for the past 2weeks now.. so if we are to see a poor sign tomorrow 9/11/23 and next 10/11/2023, we're safe to buy more Dollar and HOPE for a massive uptrend . Because NGN, is in a very poor state on an uptrend of : #1,800 by December while #2,200 by February 2024. #NGN #Nigeria #Nigerians
For my Nigerian people , This is a perfect analysis of the NGN currency, we can see a strong resistance ..and we are holding to a very strong buy possible .

NOTE: news comes out Thursday/Friday, for the past 2weeks now..

so if we are to see a poor sign tomorrow 9/11/23 and next 10/11/2023, we're safe to buy more Dollar and HOPE for a massive uptrend .

Because NGN, is in a very poor state
on an uptrend of :
#1,800 by December
while
#2,200 by February 2024. #NGN #Nigeria #Nigerians
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