Naira in Free Fall: Cryptocurrency Ban Looms Amidst Economic Turmoil Nigerians Blame Bad Policies for Plunging NairaAs the
naira continues its downward spiral, Nigerian traders are pointing fingers at
government corruption and ill-conceived policies rather than cryptocurrencies. The blame game is in full swing, with accusations of reckless spending and foreign borrowing.
Chasing Shadows with BinanceGovernment critic Kelvin Odanz slams the ruling party's monetary policies, suggesting they are merely "chasing shadows" by targeting centralized exchanges like
Binance. With trillions printed and millions borrowed, the naira's future looks bleak.
Misplaced Priorities: Naija Government Under FireToyin Omotoso joins the chorus, criticizing the government's focus on arbitrary measures like a hard cap on USDT sales instead of addressing the root causes of the naira's decline. It's a case of misplaced priorities as Nigerians call for real solutions.
Binance Cap Controversy: A Tug-of-WarWhile some users demand a
reversal of the cap imposed on Binance to allow for a free market, pro-government accounts defend the move as a necessary step towards shoring up the naira. The battle lines are drawn amidst economic uncertainty.
