Tag: Binance

Binance discontinues services in Naira, faces allegations of terrorism financing, money laundering, et al

Bode DoluLeave a Comment on Binance discontinues services in Naira, faces allegations of terrorism financing, money laundering, et al

Global company, Binance Holdings Ltd., branded Binance, a Cryptocurrency exchange concern, has announced plans to discontinue all services related to the Nigerian naira. The cryptocurrency exchange platform, Binance, was accused of exploiting the Nigerian currency, the Naira, leading to its free fall in value in recent time. The company is, in addition, facing allegations of terrorism […]

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Nigerian govt may demand $10bn compensation from Binance over Naira crisis

Bode DoluLeave a Comment on Nigerian govt may demand $10bn compensation from Binance over Naira crisis

In an interview with the BBC, Special Adviser to the President on Information and Strategy, Bayo Onanuga has said that Nigerian Government may demand over $10bn from Binance as a penalty amid moves to salvage the value of the naira. Onanuga alleged that Binance profited substantially from its “illegal transactions” in Nigeria while the nation […]

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