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$10 Billion Fine on Binance

2 March 2024-

Reading Time: 2 minutesThe Federal Government has levied an extraordinary ten billion dollars penalty on the cryptocurrency exchange platform Binance. This hefty sanction arises amid accusations of Binance’s implication in influencing Nigeria’s foreign exchange crisis. The revelation came from Mr. Bayo Onanuga, the Special Adviser to...

CBN IMF TACKLE FX FLUCTUATIONS

1 March 2024-

Reading Time: 2 minutesThe Central Bank of Nigeria (CBN) has unveiled its collaboration with the International Monetary Fund (IMF) to forge a comprehensive framework aimed at combating instability in the foreign exchange market. This noteworthy development was disclosed by Mr. Muhammad Abdullahi, the CBN’s Deputy Governor...

CONSTITUTIONAL REVIEW DRAFT

1 March 2024-

Reading Time: 2 minutesIf you’re eagerly anticipating the much-debated constitutional review, patience is paramount, as the initial draft report of the ongoing review process is slated for release in August 2025. This timeline was unveiled by the Deputy Speaker of the House of Representatives, Honourable Benjamin...

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