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...On Tuesday Olayemi Cardoso, Nigeria’s central bank governor, named Binance at a press conference while discussing the funds flowing through crypto exchanges....
...Nigeria has also held two Binance executives for four weeks following a clampdown on crypto exchanges in February. FIRS said Binance had helped its Nigeria-based users evade paying taxes....
...Nigeria’s central bank sharply raised interest rates to 22.75 per cent in its first meeting since July as Africa’s most populous country struggles to navigate its most severe economic crisis in more than...
...Almost 4,000 people were seized in Nigeria in 2023, the highest level in five years, according to data from the Armed Conflict Location and Event Data Project....
...Two senior executives at Binance have been detained in Nigeria as Africa’s most populous country tries to rein in speculation on the naira by cracking down on cryptocurrency exchanges....
...Nigeria is PZ Cussons’ biggest single market....
...Fuel prices have since tripled in Nigeria, leading to increased costs of food and transport....
...The period under review is crucial because it tallies with the timeline of Nigeria’s devaluation of its currency....
...Unilever Ghana is relocating its tea production to Nigeria....
...More than 500 people, including almost 300 schoolchildren, have been kidnapped in three different incidents across northern Nigeria in recent weeks....
...According to the country’s statistics agency, headline annual inflation rose to 29.9 per cent last month — a level last seen in the mid-1990s during Nigeria’s dictatorship....
...On Wednesday Bayo Onanuga, a special adviser to President Tinubu, accused Binance on social media website X of “blatantly” setting the exchange rate for Nigeria and hijacking the Central Bank of Nigeria’...
...Much of Nigeria is in effect ungoverned. Millions of children, especially girls in the north, are out of school and health provision is so dire that life expectancy is 53....
...But sources of dollar inflows into Nigeria remain hard to find....
...It was also an embarrassment for Nigeria, which led the regional Ecowas bloc to threaten military action against the junta and then effectively backed down....
...The clashes feed into Nigeria’s declining economic output and high food-price inflation, as many farmers have been driven away from their land....
...Emefiele — who ran the Central Bank of Nigeria for nine years until last year — operated a highly contentious multiple exchange rate regime that a special investigator appointed by Nigeria’s president alleges...
...No sacred cow in Tinubu’s Nigeria.”...
...The incident in Tudun Biri is not the first time a branch of Nigeria’s armed forces has been accused of inadvertently causing the deaths of people it was meant to protect....
...It’s part of a stand-off between Binance and Nigeria, which is holding two Binance executives until a hearing on March 20....
...A 2017 arbitration ruling in London ordered Nigeria to pay $6.6bn to Process and Industrial Developments following the collapse of a contract between P&ID and Nigeria’s petroleum ministry....
...The governor of Nigeria’s central bank, Olayemi Cardoso, said $26bn of funds from unidentified sources passed through Binance Nigeria in one year....
...PZ Cussons is exploring a sale of its Africa business, which has been battered by currency devaluation in Nigeria, its largest single market....
...Nigeria is Africa’s largest oil producer but has had to import fuels due to a lack of refining capacity....
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