The supply of US dollars at the foreign exchange market plunged by 42 per cent to 168.98 on Wednesday, days after Binance announced the existence of the Nigerian exchange market. FMDQ data showed that the turnover of USD plunged on Wednesday to $168.98 at the close of work from $291.74 on Tuesday. The figure represents […]
Nigerian lawmakers raise concern on crackdown on cryptocurrency platforms, launch probe
The lawmakers noted that the actions of the government recently put the country “in bad light with regards to observance of global statutes on fundamental human rights and rule of law and portrays the country as being dishonest and incompetent.” The post Nigerian lawmakers raise concern on crackdown on cryptocurrency platforms, launch probe appeared first […]
Cardoso: Old headmaster, new taskmaster, By Abdulrahman Abdulraheem
There is no doubting the fact that some persons feed fat on the misfortune of the overwhelming majority of Nigerians and they will want the status quo to remain till eternity. But this Headmaster turned Taskmaster has proven to be more than a match for them. The apex bank’s collaboration with the ONSA and security […]
Binance discontinues Naira services
BREAKING: Binance to depart Nigerian market, ends services in local currency
Binance will discontinue all services for Nigeria’s fiat currency, the naira, amid an ongoing regulatory conflict in the country. The crypto exchange will automatically convert naira balances to USDT from March 8 at 8:00 a.m. UTC but will cease support for NGN deposits after 14:00 UTC today. Withdrawals will become unsupported after March 8 at […]
More troubles for Binance as Nigerian lawmakers threaten to issue arrest warrant on executives
Nigerian govt gives update on Binance
The Nigerian government says it is investigating the activities of Binance, a cryptocurrency firm. The Head of Strategic Communication, Office of the National Security Adviser, Zakari Mijinyawa, disclosed this in a terse statement on Thursday. The government noted that the outcome of the interagency investigation of Binance’s activities is expected to be made public. He […]
Nigeria govt slams $10 billion fine on Binance
The Nigerian government’s retribution claim is coming months after Binance pleaded guilty and agreed to pay $4.3 billion to settle criminal money laundering charges levied by the U.S. Department of Justice. The post Nigeria govt slams $10 billion fine on Binance appeared first on Premium Times Nigeria. Powered by WPeMatico
EXCLUSIVE: Nigeria’s National Security Adviser confirms Binance under investigation
While the full identities of the two detained Binance executives remain unclear, PREMIUM TIMES gathered that one of them is an American and the other a British Pakistani. The post EXCLUSIVE: Nigeria’s National Security Adviser confirms Binance under investigation appeared first on Premium Times Nigeria. Powered by WPeMatico
