they were doing this by banning p2p on exchanges that were not within their jurisdiction afaik. i guess this is like controlling what they can only grasp and whats outside their reach is something to be banned. very reasonable i think, the ones that were banned were binance and OKX so far.
i'm just not sure if the information i saw was true because their government still allows p2p from Bitget and some other local crypto exchanges.
The issue is grey; they're saying P2P is the reason why the naira is failing against the dollar, but they haven't fixed the core issue. They're just clueless, in my opinion; crypto can't be stopped, and I think they're fighting a battle that can't be won, haha. Most of my friends have migrated to Bitget P2P already, citing their rates as one major reason.