This is no longer a secret warning, the Nigerian government through all their possible actors and agencies is fighting the exchanges in the open. Only that some exchanges are more adamant than each other because by now I believe they must have served all the top-rated ones their dissatisfaction and warning to desist from providing the services that are NGN-related. But still, many of them are still providing the service, let's see who's is next.
Besides, the Nigerian government has taken this matter with a kid's glove, they are not just mature about their approaches. Regulations, I mean a strict one is the solution here, or don't they know that we will always find alternatives to do our P2P thing? One way or another, our cryptos must be exchanged whether they like it or not, this is even as we are finding opportunities to make extra money in the tough economy they've created for us.
The CBN and FG can easily handle this by removing the ban on the Naira card for internationally shopping and purchases, allowing us to trade and buy Bitcoin at the CBN rate, as it was during the Goodluck Jonathan administration before Buhari took office. I doubt anyone would use the black market rate if the rate for card transactions was 1,100 or 1300 (or whatever rate they deemed appropriate). This way, the black market will be unaffected because no one will go there since the CBN rate is better.
Allow Naira withdrawals from exchanges at the same CBN exchange rate as before. P2P only became a trend once exchanges stopped accepting withdrawals and Naira cards. If we could get all of these things back to exchanges, Naira P2P would decrease and the supposed "Naira manipulation" would cease.
I'm still following up the SEC meeting News, nothing in the News yet.