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,…
Key Insights Binance to discontinue all services for Nigeria’s naira currency from March 8 Follows reports of $10B payment demand,…
Key Insights Two senior Binance executives detained in Nigeria amid crackdown on crypto exchanges Executives had flown to Nigeria after…
Key Insights Nigeria ordered telecoms companies to block access to major cryptocurrency trading platforms like Binance and Coinbase. The crackdown…
Key Insights Binance caps Nigerian p2p USDT/naira rate at 1,802 after regulator pressures Move follows clampdown on forex speculation seen…
Key Insights IMF lowered Nigeria’s economic growth forecast for 2024 to 3.0% from 3.1% projected in October Revision part of…
Key Insights Nigeria central bank approves local stablecoin pilot for naira-pegged token Approves Africa Stablecoin Consortium to test cNGN from…
Key Insights Naira hits new record low beyond ₦1,043 per dollar, poised for worst yearly performance since 1999 55% currency…
Key Insights CBN issues new rules allowing cryptocurrency companies to open bank accounts, reversing previous ban Guidelines aim to regulate…
Key Insights The Central Bank of Nigeria refutes claims that its eNaira digital currency threatens the country’s financial stability. The…
Key Insights Inflation in Nigeria is on the rise, and projected to potentially reach 30% by year-end. Bank of America…