Nigeria Fines Binance $10 Billion, Citing Alleged Illegal Activity
The Nigerian government has hit cryptocurrency exchange platform Binance with a $10 billion fine, accusing it of engaging in "illegal transactions" that contributed to...
Transcorp Power Debuts on NGX, Targets N1.8 Trillion Market Capitalization
Transcorp Power Plc, a subsidiary of conglomerate Transcorp Plc, has officially joined the Nigerian Exchange Limited (NGX) today, March 4th, 2024, through a listing...
Nigerian Blue Chips Battered by FX Losses: N1.24 Trillion Vanishes
Nigeria's foremost companies, often referred to as "blue chips," are facing significant challenges due to foreign exchange (FX) fluctuations. A recent report by Vanguard...
Elon Musk Sues OpenAI, Accusing it of Abandoning Non-Profit Mission
Tesla and SpaceX CEO Elon Musk has filed a lawsuit against artificial intelligence firm OpenAI and its CEO Sam Altman, alleging they violated the...
Nigeria’s Crypto Crackdown: Binance Executives Detained Amidst Regulatory Concerns
In a significant development that has shaken the cryptocurrency industry in Nigeria, the Nigerian government has taken decisive action against Binance, the world's largest...