- By Halimah Olamide
In a bid to clamp down on the manipulation of the Naira in the foreign exchange market, the federal Government has announced plans to delist the local currency from Peer-to-Peer (P2P) platforms.
This was disclosed by the Securities and Exchange Commission’s Director General, Emomotimi Agama, during an interactive session with the Nigerian Blockchain Industry on Monday.
According to Agama, the policy is set to roll out in coming days.
“That is one of the things that must be done to save this space.
“The delisting of the naira from the P2P platforms to avoid the level of manipulation that is currently happening.
“I want your cooperation in dealing with this as we roll out regulations in the coming days.”