U.S. Lawmakers Urge Biden to Treat Detained Binance Exec’s Case as Hostage Situation
Key Insights U.S. lawmakers urge President Biden to treat detained Binance executive Tigran Gambaryan’s case in Nigeria as a hostage…
Nigeria Demands Binance Hand Over Data on Top Users Amid Crackdown
Key Insights Nigeria is demanding Binance provide data on its 100 biggest users in the country and six months of…
Binance Exits Nigeria Naira Market After Regulatory Clash
Key Insights Binance to discontinue all services for Nigeria’s naira currency from March 8 Follows reports of $10B payment demand,…
Nigeria Detains Two Binance Executives Amid Crypto Crackdown – FT
Key Insights Two senior Binance executives detained in Nigeria amid crackdown on crypto exchanges Executives had flown to Nigeria after…
Nigeria Blocks Binance, OctaFX, Coinbase in Bid to Strengthen Naira
Key Insights Nigeria ordered telecoms companies to block access to major cryptocurrency trading platforms like Binance and Coinbase. The crackdown…
Binance Yield to Nigeria Regulators, Limits USDT to Naira Rate
Key Insights Binance caps Nigerian p2p USDT/naira rate at 1,802 after regulator pressures Move follows clampdown on forex speculation seen…
IMF Trims Nigeria Economic Growth Outlook to 3% for 2024
Key Insights IMF lowered Nigeria’s economic growth forecast for 2024 to 3.0% from 3.1% projected in October Revision part of…
Nigeria’s Central Bank Approves cNGN Stablecoin Trial
Key Insights Nigeria central bank approves local stablecoin pilot for naira-pegged token Approves Africa Stablecoin Consortium to test cNGN from…
Bloomberg Analysts Predict Further Naira Devaluation in 2024
Key Insights Naira hits new record low beyond ₦1,043 per dollar, poised for worst yearly performance since 1999 55% currency…