Fellow Binancians,
We are aware of the recent circular shared by the Central Bank of Nigeria (CBN) around cryptocurrency-related Nigerian naira (NGN) payment activities in Nigeria and we are monitoring the situation closely.
Please note all your funds on Binance.com remain safe and crypto services on Binance.com will continue as normal.
However, our NGN payment partners are suspending deposit services until further notice. From 7PM (GMT+1) on Feb 5th 2021, Binance will temporarily suspend NGN deposits through our fiat partner channels. Withdrawal services remain normal and will continue to be processed but might take slightly longer time than usual. We apologise for any inconvenience this may cause.
We will continue to provide further updates as soon as they become available, and we are working closely with all relevant stakeholders. Binance remains committed to supporting the growth of the blockchain ecosystem in Africa.
Thank you for your patience and support.
Binance Team
2021/02/05
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