It is becoming more strict to transact crypto in Nigeria as the CBN now plant agents on Binance P2P to trade with you and intentionally add crypto keywords to the payment transaction so it can alert the bank to block the receiver's account.
This however is becoming outrageous for the Nigerian government and with no single doubt, the non-compliance of the young Nigerians not believing and making use of their newly launched E-naira must have triggered this action.
These wise traders are just exhausted of having their money controlled by the government.
Source:
https://cointelegraph.com/news/nigerian-banks-tracking-customer-accounts-for-crypto-tradingNigeria has had a complicated relationship with cryptocurrencies. In February 2021, the Central Bank of Nigeria (CBN) issued a circular prohibiting banks and other financial institutions from servicing cryptocurrency exchanges, effectively banning crypto trading in the country. The CBN cited concerns around the use of cryptocurrencies for money laundering and terrorist financing.
This move was met with criticism from the crypto community in Nigeria, as well as from some government officials and lawmakers who saw the ban as a barrier to innovation and economic growth.
However, the ban was recently lifted in October 2021, allowing Nigerians to once again participate in the crypto market. Despite this, the crypto market has continued to experience volatility, influenced by various global and local factors such as regulatory actions, market sentiments, and economic conditions