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Saturday, 15 March 2025
Business

Nigeria Detains Binance Executives in Cryptocurrency Crackdown

Nigerian authorities have detained two senior executives of Binance, a prominent cryptocurrency exchange platform. This crackdown comes amidst heightened concerns over the rapid devaluation of the Nigerian currency and its impact on inflation, which recently soared to nearly three-decade highs at 29.9 percent. The detained executives reportedly flew to Nigeria following the country’s recent ban […]

Politics

Peter Obi Slams FG’s BDC Crackdown Amidst FX Crisis

Former Anambra State Governor, Peter Obi, condemns the federal government’s recent crackdown on Bureaux de Change (BDCs) operators, denouncing it as “ill-advised” and “misdirected.” Obi argues that targeting BDCs will exacerbate economic woes rather than alleviate them, stressing that they are not the root cause of Nigeria’s FX troubles. He highlights the need to address […]