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.
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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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Nigeria’s federal government refuted claims from Binance CEO Richard Teng, accusing officials of demanding a “significant payment” to resolve ongoing disputes.
Binance CEO Richard Teng claims officials in Nigeria approached the exchange’s team and offered a secret crypto settlement proposal. Teng shared details of this shocking development in a blog post that highlights the ongoing legal troubles around Binance official Tigran Gambaryan.
In a significant regulatory shift, Nigeria has announced plans to prohibit person-to-person (P2P) cryptocurrency trading in the Nigerian naira, aiming to safeguard its local currency from further depreciation and market manipulation.
The Nigerian government has revealed intentions to delist the national currency, the Naira, from all peer-to-peer (P2P) trading platforms. Emomotimi Agama, the Director General of the Nigerian Securities and Exchange Commission (SEC), reportedly revealed this plan during a virtual meeting with the country’s blockchain stakeholders today as part of a wider effort to combat the […] The post Nigeria to remove Naira from P2P trading platforms to curb currency manipulation appeared first on CryptoSlate.
A Nigerian court has postponed a trial against cryptocurrency exchange Binance and two of its executives.
Binance's lawyer needed more time to look at evidence from Nigeria's Economic and Financial Crimes Commission.
Fejiro Hanu, CEO of Nigerian crypto exchange platform Patricia, recently took to his X account to refute rumors circulating about the exchange’s imminent closure amid its battle to scale customer fund loss.