crypto ban in nigeria

  1. Nigerian Government Seeks Extension of Binance Officials' Detention Amid Currency Manipulation Allegations

    Nigeria Nigerian Government Seeks Extension of Binance Officials' Detention Amid Currency Manipulation Allegations

    In the latest twist to the ongoing saga involving cryptocurrency exchange platform Binance, the Federal Government has made a move to prolong the detention of two of its officials, Tigran Gambaryan and Nadeem Anjarwalla. The duo, consisting of a U.S. citizen and a British-Kenyan national, has...
  2. Bitcoin's Remarkable Surge: Record-Breaking $71,000 High Sparks Investor Excitement

    Nigeria Bitcoin's Remarkable Surge: Record-Breaking $71,000 High Sparks Investor Excitement

    Bitcoin reached a new all-time high, surging past $71,000 on Monday, driven by increasing demand for the cryptocurrency. The rally is fueled by optimism regarding potential interest rate cuts by the Federal Reserve later this year. According to Bloomberg data, Bitcoin hit its peak at $71,432...
  3. Bitcoin Surge to $60,000 Leaves Nigerians With Mix Emotions Over Government Clampdown

    Nigeria Bitcoin Surge to $60,000 Leaves Nigerians With Mix Emotions Over Government Clampdown

    Bitcoin soared to a new all-time high of $69,200 on Tuesday, driven by a surge in value since US regulators greenlit spot Bitcoin exchange-traded funds (ETFs) in January. The approval by industry giants like Fidelity and BlackRock led to an influx of more than $7.5 billion into the newly...
  4. Binance's Exit from Nigeria Sparks Diverse Reactions in Crypto Community

    Nigeria Binance's Exit from Nigeria Sparks Diverse Reactions in Crypto Community

    The cryptocurrency landscape in Nigeria is facing a seismic shift as Binance, a global crypto exchange giant, announces its departure from the market, ceasing services in the local currency. This unexpected development has triggered a cascade of reactions within the local crypto community...
  5. Nigeria's Crypto Exodus: Binance Ceases Naira Services, Triggers Market Disruption

    Nigeria Nigeria's Crypto Exodus: Binance Ceases Naira Services, Triggers Market Disruption

    Binance, one of the world's leading cryptocurrency exchanges, has announced the discontinuation of all services for Nigeria's fiat currency, the naira. The move comes amidst a growing regulatory conflict in the country, signaling a significant shake-up in the cryptocurrency landscape within...
  6. Binance Ban: Government Spokesman Onanuga Warns Nigerians Platform Could Destroy THE ECONOMY

    Nigeria Binance Ban: Government Spokesman Onanuga Warns Nigerians Platform Could Destroy THE ECONOMY

    Amidst growing concerns over the impact of cryptocurrency trading on Nigeria's economy, Presidential spokesman Bayo Onanuga has issued a stern warning against the popular exchange platform Binance, alleging its potential to dismantle the country's financial stability. Speaking on a televised...
  7. Nigerian Crypto Fans Dismayed as Government Blocks Binance, OctaFX, Coinbase, and Others

    Nigeria Nigerian Crypto Fans Dismayed as Government Blocks Binance, OctaFX, Coinbase, and Others

    Nigerian government has taken measures to block online platforms, including Binance, OctaFX, Coinbase, and others. The decision aims to curb what the government perceives as continuous manipulation of the forex market and illicit movement of funds. Reports suggest that the Nigerian...
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