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
Sifuna’s Kakamega Rally Refuses To Fold Despite Teargas, State Push-Back
Police Commander Alleges Sifuna Transported Armed Goons to Fuel Tensions at Kakamega Rally
Floyd Mayweather Comes Out of Retirement
Ex-KPLC Boss Chumo Accused Of Child Trafficking As Father Claims Two Sons Were Smuggled To Australia
Safaricom Faces Avalanche of Lawsuits Over Data Privacy as Acquitted Student Demands Sh200mn Compensation in 48 Hours
EXPLAINER: Why Judges Break Pens After Death Sentences
Puzzle As Mombasa TikToker Married Twice Is Declared A Minor in Sh327,510 Heroin Case
Met Warns of Heavy Rainfall in Kenya From Saturday
Damning Revelations Reveals How PS Patrick Mariru Irregularly Awarded Sh42 Billion Bomas Kenya Tender
Omari Threatens Safaricom With Sh1 Trillion Lawsuit Over Mass Data Breach Following Mokaya’s Landmark Ruling
Alleged Male Lover Claims His Life Is in Danger, Leaks Screenshots and Private Videos Linking SportPesa CEO Ronald Karauri
The General’s Fall: From Barracks To Bankruptcy As Illness Ravages Karangi’s Memory And Empire
Russian Man’s Secret Sex Recordings Ignite Fury as Questions Mount Over Consent and Easy Pick-Ups in Nairobi
Your Excellency! How Ida’s New Job Title From Ruto’s Envoy Job Is Likely to Impact Luo Politics Post Raila
Multi-Million Dollar Fraud: Three Kenyans Face US Extradition in Massive Cybercrime Conspiracy
Epstein Files: Bill Clinton and George Bush Accused Of Raping A Boy In A Yacht Of ‘Ritualistic Sacrifice’
Epstein Files: Sultan bin Sulayem Bragged on His Closeness to President Uhuru Then His Firm DP World Controversially Won Port Construction in Kenya, Tanzania
Iran Demands Arrest, Prosecution Of Kenya’s Cup of Joe Director Director Over Sh2.6 Billion Tea Fraud
Cooking Fuel Firm Koko Collapses After Govt Blocks Sh23bn Carbon Deal
AUDIT EXPOSES INEQUALITY IN STAREHE SCHOOLS: PARENTS BLED DRY AS FEES HIT Sh300,000 AGAINST Sh67,244 CAP
-
Grapevine2 weeks agoAlleged Male Lover Claims His Life Is in Danger, Leaks Screenshots and Private Videos Linking SportPesa CEO Ronald Karauri
-
Grapevine1 week agoRussian Man’s Secret Sex Recordings Ignite Fury as Questions Mount Over Consent and Easy Pick-Ups in Nairobi
-
Investigations4 days agoMulti-Million Dollar Fraud: Three Kenyans Face US Extradition in Massive Cybercrime Conspiracy
-
Economy3 days agoIran Demands Arrest, Prosecution Of Kenya’s Cup of Joe Director Director Over Sh2.6 Billion Tea Fraud
-
Investigations2 weeks agoEpstein’s Girlfriend Ghislaine Maxwell Frequently Visited Kenya As Files Reveal Local Secret Links With The Underage Sex Trafficking Ring
-
News2 weeks agoState Agency Exposes Five Top Names Linked To Poor Building Approvals In Nairobi, Recommends Dismissal After City Hall Probe
-
News2 days agoTHE FIRM IN THE DOCK: How Kaplan and Stratton Became the Most Scrutinised Law Firm in Kenya
-
Business4 days agoA Farm in Kenya’s Rift Valley Ignites a National Reckoning With Israeli Investment