Business
Crypto Crackdown: Binance Executives Arrested In Nigeria
Two senior executives at Binance have been detained in Nigeria as the country cracks down on cryptocurrency exchanges, the Financial Times reported on Wednesday, citing people familiar with the matter.
The crackdown follows a period after several cryptocurrency websites emerged as platforms of choice for trading the Nigerian currency, which has suffered chronic dollar shortages.
The naira’s official exchange rate has been trading at levels close to the parallel market level after the currency was devalued last month, its second adjustment in less than a year.
Africa’s largest economy has been experiencing crippling dollar shortages that have pushed its currency to record lows after foreign investors fled following a previous oil price collapse and introduction of capital controls in 2015.
Kenya Insights allows guest blogging, if you want to be published on Kenya’s most authoritative and accurate blog, have an expose, news TIPS, story angles, human interest stories, drop us an email on [email protected] or via Telegram
NCBA’s Repossession Empire: How Borrowers Lose Their Cars While the Bank Profits at Every Step
Ex-First Lady Margaret Kenyatta and Siblings Move to Block Widow from Late Brother’s Sh50 Million Estate
Inside the Billion-Shilling Betrayal: How Senior Treasury Officials Plundered a UN Poverty Fund and Built a Real Estate Empire on the Backs of Kenya’s Rural Poor
Tribunal Allows ODM To Take Disciplinary Action Against Sifuna
The Shadow Banker of Harare
Wicknell Chivayo’s VIP Airport Access Raises Serious Questions Over Security Protocols at JKIA
UAE Bans Children Under 15 Years From Using Social Media
‘They Come At Night’: Gachagua Claims Ruto Insiders Secretly Supporting and Advising Him
Lawyer In High-Profile Ugandan Treason Case Charged With Related Offence
Sh2 Billion Time Bomb: Firm Allegedly Linked to Amason Kingi in Kilifi Revenue Deal Continues to Drain County Coffers as Senate Opens Probe
Businessman Philip Waithaka Kinuthia’s Minor Son Allegedly Drove Drunk, Killed Two Peponi Students in Ngong Road Horror Crash as Claims of Cover-Up Intensify
Inside NCBA’s Decline: How a Banking Giant Lost Its Strategic Edge
Cement, Cash and Courts: How the Hashu Dynasty Crushed the Ramji Brothers for Fourteen Years and Why the Walls Are Now Closing In
Standard Chartered Ghosts Haunt Joshua Oigara At Stanbic As Whistleblower Spills Beans
Inside The Urban Planning Cartel That Owns Nairobi
South Sudan: Adut Salva Kiir’s Shadow Treasury Exposed
Why John Ngumi Is Running From the EACC and Why the Sh415 Million Payday May Be the Least of His Worries
How Adil Popat Saved His Empire On The Eve Of Imperial Bank Collapse and Why Kenya’s Mainstream Media Buried The Story
The President’s Daughter and The Missing Witness: How Adut Salva Kiir’s Shadow Treasury Silenced Its Most Dangerous Critic
Betika Faces DCI Probe, Directors Arrest and License Revocation Over Massive 29.5 Million Safaricom Customers’ Data Breach
-
News4 days agoBusinessman Philip Waithaka Kinuthia’s Minor Son Allegedly Drove Drunk, Killed Two Peponi Students in Ngong Road Horror Crash as Claims of Cover-Up Intensify
-
Business1 week agoInside NCBA’s Decline: How a Banking Giant Lost Its Strategic Edge
-
Business1 week agoStandard Chartered Ghosts Haunt Joshua Oigara At Stanbic As Whistleblower Spills Beans
-
Investigations2 weeks agoInside The Urban Planning Cartel That Owns Nairobi
-
Africa1 week agoSouth Sudan: Adut Salva Kiir’s Shadow Treasury Exposed
-
Business1 week agoWhy John Ngumi Is Running From the EACC and Why the Sh415 Million Payday May Be the Least of His Worries
-
Business1 week agoHow Adil Popat Saved His Empire On The Eve Of Imperial Bank Collapse and Why Kenya’s Mainstream Media Buried The Story
-
Africa1 week agoThe President’s Daughter and The Missing Witness: How Adut Salva Kiir’s Shadow Treasury Silenced Its Most Dangerous Critic