The nation is now in a state were we have to buy cash with cash, which is also part of why our currency devalues. Those who are technologically conscious are already advancing into other medium of payment, and choose to uses cash in few occasions.
The CBN and banks failed when POS became a job for many Nigerians, ATM are not longer loaded as it used to be, everyone now depends on buying cash from POS retailers. Before now, you walk into your bank and get your money but now Banks barely attend to other withdrawals. Now kids grow up and think it's normal to buy Naira with Naira.
Them think say na only binance we dey use for this country there try to bring us down but we no dey gree for anybody this year guys they are other crypto currency exchange you can use like bybit their rate are high also what is federal government is trying to do is not good but we move.
Honestly this is a temporary solution as there are some marchants accounts that manipulate the black market rate on Binance, regulating the price there is not a bad step but it's not going to help the Naira for the long run if the adequate measures are not put in place. Ban the use of Dollar in Nigeria, clear banklogs, make FX available at the bank and make it accessible.