Ex-Binance Chief Jailed For Four Months In US

The founder of cryptocurrency firm Binance was sentenced to four months in US prison on Tuesday after pleading guilty to money laundering charges, in the most high-profile crypto case since Sam Bankman-Fried was jailed. Changpeng Zhao, a Canadian, resigned from his post at the world’s largest cryptocurrency exchange platform late last year as part of

Let your prices reflect Naira’s improvement, CNG tells businesses

The Coalition of Northern Groups, CNG, has asked business owners to reflect the naira’s improvement against the dollar on the prices of the products they market. A statement by the National Coordinator, CNG, Comrade Jamilu Aliyu Charanchi, expressed support for genuine efforts to strengthen and stabilize the naira and bring back its value against the

CBN Sells FX To BDCs At N1,251/$1 As Naira Rebounds

As the naira gradually appreciates against the dollar after months of unprecendented uncertainties, the Central Bank of Nigeria (CBN), on Monday, announced the sales of $10,000 to each of the eligible Bureau De Change (BDC) operators in the country at the rate of N1,251/$1. In a circular to the President of the Association of Bureau

Binance Ends All Naira Services

Cryptocurrency exchange Binance has ended its naira services, the company said on Tuesday. It listed the timeline for the closure, asking users to take needed action. “Users are encouraged to withdraw NGN, trade their NGN assets, or convert NGN into crypto prior to the discontinuation of these NGN services,” Binance said in a statement. “From

FG Printed Too Much Money, Gov Otti Laments Free Fall Of Naira

Abia State Governor, Alex Otti, has lamented the free fall of the naira, saying the Federal Government printed too much money in circulation. The governor stated this during an interview on Thursday. “I believe that the major problem we have is financial discipline. We are dealing with an economy where we printed so much money,

Volume Of Transactions In Exchange Market Hit $800m – Cardoso

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, says that for the first time in a long while, Nigeria’s volume of transactions in the exchange market rose to $800 million. He stated this while addressing members of the House of Representatives at the sectoral debate on the economy. “We are not a

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