Binance
In a significant legal development, Justice Emeka Nwite of the Federal High Court in Abuja has issued an interim order compelling Binance Holdings Limited to furnish the Economic and Financial Crimes Commission (EFCC) with comprehensive data on Nigerian traders using its platform. The ruling followed an ex-parte motion presented by the EFCC’s legal representative, Ekele […]
Nigeria’s Securities and Exchange Commission (SEC) is reportedly investigating Binance and other cryptocurrency firms over allegations of currency manipulation, potentially leading to significant fines running into billions of dollars. The probe comes amidst concerns that such activities have exacerbated the country’s foreign exchange liquidity crisis. Binance, one of the world’s largest exchanges, has faced similar […]
The Nigerian Naira has plunged to a record low, reaching N1,830 per dollar in the black market, marking a significant 7.10% drop from the previous day’s closing rate of N1,700. This unprecedented depreciation underscores the severity of the current economic challenges, representing the lowest point in the Naira’s historical performance. The continuous devaluation of the […]
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