1 day ago
World’s largest cryptocurrency exchange, Binance has listed conditions for settlement negotiations with the Nigerian government. Nigerian authorities had earlier this year asked Binance to pay a $10 billion fine for infractions. The CEO of Binance, Richard Teng on Tuesday, however, claimed that some agents of Nigerian officials demanded secret payment to make its problems “go…
1 day ago
A Nigerian, Oluwami, "Wami," Dosunmu-Ogunbi has made history as the first Black woman to earn a PhD degree in U-M Robotics at the Michigan University. Dosunmu-Ogunbi speaking at the University-wide commencement ceremony touched on the importance of advocates and mentors that helped achieve her dream. The Nigerian during her address also delivered a message about…
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President Bola Tinubu will return to Nigeria on Wednesday, his media aide Bayo Onanuga disclosed on Tuesday. Onanuga said this in a post on X in response to citizen's inquiry about the president's whereabouts. Tinubu is yet to return to Nigeria days after the World Economic Forum (WEF) in Saudi Arabia. Amid speculations, the Minister…
1 day ago
The Central Bank of Nigeria (CBN) has listed 16 banking transactions exempted from the cybersecurity levy. CBN in a circular on Monday, May 6, 2024, directed banks to implement a 0.5% cybersecurity levy on transactions after two weeks. According to the circular signed by the Director, Payments System Management Department, Chibuzo Efobi and the Director,…
1 day ago
The CEO of cryptocurrency giant Binance, Tuesday, claimed that some agents of Nigerian officials demanded secret payment to make its problems "go away". Richard Teng, who took over from founder and former CEO Changpeng Zhao, said in a blog on Binance's website that the request was made through a local law firm it hired. "Counsel…
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