One of two executives of Binance, the top Cryptocurrency trading exchange identified as Nadeem Anjarwalla detained in Nigeria for alleged tax evasion and other offences, has escaped from custody, PREMIUM TIMES has reported. According to the report Mr Anjarwalla, 38, escaped on Friday, 22 March, from the Abuja guest house where he and his colleague
The Game of Chess between Nigeria & Binance
The game of chess has started as Binance responds to Nigeria: “According to data provided by Binance to the ONSA [Office of National Security Adviser], Nigerian trading volume on the platform in 2023 alone amounted to $21.6 million.” Note “million”, not “billion”. Recall that Nigeria had noted that about $26 billion was moved via Binance
FOREX Crisis: FG Slams $10 Billion Fine On Binance
The Federal Government has slammed a $10 billion fine on crypto trading platform, Binance, over allegations of influencing the country’s forex crisis. The special adviser to President Bola Tinubu on information and strategy, Bayo Onanuga, disclosed this Friday morning in an interview with the BBC. According to Onanuga, Binance profited substantially from its “illegal transactions”
How Traders Use Binance to Manipulate Exchange Rate of Naira
This time last year the dollar rate was stable @ 730 to $1. It was the same at Binance P2P USDT was stable and pegged at 730 to $1. So what changed between last year and this year that caused a 60% Naira depreciation? There are two answers. 1. PresidentTinubu’s miscalculation. 2. Greedy Speculators Lets
The Possible Magic of Dollar and Naira with Bitcoin by Politicians
Nigerians are becoming more aware and increasingly interested in what’s happening in the central government. The current FOREX magic you’re seeing is a calculated strategy by the government to provide temporary relief. Read what a popular Bitcoin dealer known as @BitcoinChief wrote few days ago about what’s currently happening in Nigeria… Nigerian Politicians heavily