The Nigerian government has imposed a $10 billion fine on a global cryptocurrency platform, Binance, which is at the center of a crypto crackdown in the country over ‘illegal transactions’.
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A few days after the Office of the National Security Adviser arrested two officials of Binance, a cryptocurrency platform, the Nigerian government has beamed its searchlight on executives from other cryptocurrency platforms in the country.
Binance, the Special Adviser to the President Bola Tinubu on Information and Strategy, Bayo Onanuga has observed that a cryptocurrency platform, Binance could harm Nigeria’s economy if no action is taken to stop it.
ASHENEWS reports that the Katsina State Government has aligned with The Alternative Bank’s mission to support rural economies through innovative financial solutions, tailored to empower local businesses and stimulate sustainable development across the state.
Some Nigerian private sectors players, including Aliko Dangote, Femi Otedola, Tony Elumelu, Innocent Chukwuma (Innoson), Abdul Samad Rabiu (BUA), are among others appointed by President Bola Tinubu as economic advisers.
The Central Bank of Nigeria (CBN) has mandated foreign exchange sellers to Bureau De Change (BDC) of the equivalent of 10,000 dollars and above to declare their forex sources.
The Senate has confirmed the appointment of Olayemi Cardoso and 11 other persons as members of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN).
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says the President Bola Tinubu administration is auditing the N22.7 trillion the Central Bank of Nigeria (CBN) Ways and Means loans approved by the government of ex-President Muhammadu Buhari.
ASHENEWS reports that the Central Bank of Nigeria (CBN), Governor, Olayemi Cardoso, has described his job as world’s second most difficult.
The United Kingdom has entered into an Enhanced Trade and Investment Partnership (ETIP) with Nigeria, aimed at fostering increased trade…