On Tuesday, Binance disabled sell option for all Nigerian users, blocking them from selling fiat currency, USDT, on the platform. The CBN, in conjunction with the NSA, EFCC and other govt parastatals allegedly ordered Binance to set a cap on traders selling USDT. You can no longer sell your OWN tokens for above 1802/$. This is why nobody had been able to buy tokens today. 
I don’t know what they aim to achieve, but traders are now on telegram, selling at 1850/$ and above. If this is how they plan to save the naira, I’m sorry but it’s going to fail woefully. Binance was only a medium. If you block Binance, people will find new ways. This whole policy is absolutely ridiculous. Naira is going to zero.
Some traders tried to bypass the 1850$ cap by buying crypto, using Kucoin, OKX or Bybit.
Binance has said they’d ban traders who go above 1802/$, due to local regulations Move your funds out of Binance now. Move to kucoin or bybit or your own cold wallet. The traders have sold out.
Binance just made a wrong move and would definitely lose members. They’re going down in Africa market for this one. Traffic on the move out to other exchanges right away!
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