2024-3-4 04:52 |
Regulators are being urged to take action against Binance and other exchanges, such as KuCoin and Bybit, in a bid to prevent further manipulation of the Naira. origin »
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The Central Bank of Nigeria (CBN) is suspected of manipulating Binance's peer-to-peer exchange rates, causing USDT to fall 30% against the Nigerian Naira. The post Has Central Bank of Nigeria Declared War on Binance P2P Trading? appeared first on BeInCrypto.
2023-11-3 16:45 | |
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Nigeria's Naira slumps as more citizens flock to crypto as a hedge against a weakening fiat currency. The post P2P Crypto Trading in Nigeria Deals Blow to Naira appeared first on BeInCrypto.
2022-7-28 00:00 | |
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The Nigerian naira currency lost further ground against major currencies after it depreciated to 493 nairas for one dollar on the black market on May 25, 2021. Before the latest depreciation, the currency had stabilized at around 485 nairas to the dollar.
2021-5-28 11:30 | |
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Bitcoin’s Volatility No Match For Nigeria’s Naira “I can use Bitcoin for anything now […],” Soji, a Lagos web designer told Jeremy Kirshbaum and Pelumi Oguntemehin. “It means I can invest and also pay anybody currently, except old people, I will send them bitcoin. The Nigerian Naira fell against the Chinese yuan by over 15%,
2018-6-27 14:48 | |
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Lagos, Nigeria Finds Bitcoin is a Way to Hedge Against its Naira “I can use Bitcoin for anything now […],” Soji, a Lagos web designer told Jeremy Kirshbaum and Pelumi Oguntemehin. “It means I can invest and also pay anybody currently, except old people, I will send them bitcoin. Bitcoin gets considerable flack in professional
2018-6-27 12:50 | |
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Lagos, Nigeria Finds Bitcoin is a Way to Hedge Against its Naira “I can use Bitcoin for anything now […],” Soji, a Lagos web designer told Jeremy Kirshbaum and Pelumi Oguntemehin. “It means I can invest and also pay anybody currently, except old people, I will send them bitcoin. Bitcoin gets considerable flack in professional
2018-6-27 11:13 | |
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The scrappy citizens of Lagos, Nigeria are traders and can-do survivors almost by nature. Their government, however, has mismanaged the nation’s money to such a degree that it’s prone to wild devaluation swings.
2018-6-27 09:40 | |
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In a groundbreaking operation, Nigeria’s Economic and Financial Crimes Commission (EFCC) dismantled a sophisticated cryptocurrency fraud syndicate, arresting 792 suspects. This unprecedented crackdown took place on December 10 in Lagos, uncovering a global web of cybercrime that revolved around romance scams and cryptocurrency fraud.
Scammers employ complex tactics to earn the victim's trust before defrauding them.
The Economic and Financial Crimes Commission (EFCC) in Nigeria has dismantled an elaborate international fraud operation, arresting 792 suspects allegedly involved in crypto investment and romance scams.
The Economic and Financial Crimes Commission in Nigeria arrested 792 individuals allegedly involved in crypto investment and romance scams. The suspects, including 148 Chinese nationals, 40 Filipinos, and others from various countries, were apprehended on December 10, 2024, during a…
The detained Binance exec leaves Nigeria after all charges were dropped.
Nigeria's government has withdrawn the money laundering charges against Binance executive Tigran Gambaryan, local news outlet Punch reported first on Wednesday.
The Nigerian government has officially dropped all charges against Tigran Gambaryan, a Binance Holdings executive, who had been detained since February. On Oct. 23, the Nigerian Economic and Financial Crimes Commission (EFCC) announced the case withdrawal at the Federal High Court in Abuja.