Users have until Friday to convert their naira balances on the exchange to other stablecoins such as Tether’s USDT. Those who fail to do so will have their balances automatically converted to USDT once the deadline passes, Binance said in its blog.

BINANCE has removed every avenue for trading Nigeria’s currency, the naira, for other cryptocurrencies on its platform.

Nigerians can no longer trade crypto for naira on Binance.

• The crypto exchange has come under scrutiny from multiple Nigerian authorities in last month

Binance did not state any reason for delisting the naira from its platform

Yet the move comes after a tumultuous two weeks for the exchange in Nigeria where government officials blamed Binance for facilitating currency speculation and foreign exchange manipulation.