Binance Announces Withdrawal from Nigerian Fiat Services, Effective 3/8, Transitioning to USDT

Recently, it was reported that the Nigerian government is seeking compensation of $10 billion due to the severe impact of Binance on the local fiat 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 the Nigerian fiat currency service and suspend the Naira (NGN) service on its platform.