Some sanctions and policies do not always stay the same for long, they can change while a government is still in power, or when they pass power on to a new government. I think that Binance will be back to Nigeria, and when they come back, how willing do you think Nigerians who are into cryptocurrency will be to return back to them for exchange services?
To be sincere, Binance, as a CEX, is one of the best I have seen so far due to its user-friendly interface and well-customized mobile APK. Of course, certain policies and sanctions might be reversed depending on who is in power. The current administration has been tough on certain things for a while now, sadly Binance is one of the victims. If the ban is lifted and Binance happens to come back, I think myself and many Nigerians would be glad to continue with them. But this time, Nigerians would have to be careful because we might not be aware of the agreement that took place between the Nigerian government and the Binance board.
As a matter of facts Binance had no issues with any of their users rather facing difficulties with our government with some regulatory charges for whatever reason they are battling over there, I still use my binance to trade and do whatever except for buy NGN directly from p2p. Between that is the only restrictions sets on people so if they settles whatever case they had with the government they can easily fixed in the NGN/USDT or NGN/BTC trading pair, so there is no much changes.
Of course, Nigerians are still eligible to use other fixtures such as trading, but the P2P removal is a massive blow to so many of us. This is where most of us engage in selling and buying, bringing some kind of smile to our faces knowing how tough the economy is. I am not quite sure if the previous administration had any policies in place governing cryptocurrency exchange (CEX) in Nigeria. The absence of policies gave the current administration so much power and reasons to find fault.