Visblog

President Bola Tinubu’s government has demanded that the world’s largest cryptocurrency platform, Binance, provide a list of the top 100 Nigerian users and their transaction details on the platform before detained officials are released. “Nigeria is pressing Binance for information on its top 100 users in the country, as well as all transaction history for the past six months,” Financial Times reported on Tuesday. According to the newspaper, the request is at the centre of negotiations between Binance and Nigeria, which sees the company as a crucial link undermining government efforts to stabilise its currency, the naira. The six-month transaction details request tallies with the timeline of Nigeria’s currency devaluation. The reported request comes as two Binance officials, Tigran Gambaryan, a U.S. citizen and British-Kenyan Nadeem Anjarwalla, languish in detention two weeks after Nigerian authorities arrested them. Two weeks ago, citing FT, Peoples Gazette reported that the two Binan...

The Kano State Hisbah Board has apprehended 11 Muslims for violating the Ramadan fast by eating during the day. The arrests were made during the annual Ramadan enforcement operations, which included searches of eateries and markets. The board’s Public Relations Officer, Lawal Ibrahim, who confirmed the arrests in an interview with the BBC Hausa Service monitored on Wednesday, said the arrests were made on Tuesday across the city, particularly near markets. “The individuals arrested include 10 men and one woman, who was caught eating from her groundnut-selling stall,” he said. He explained that non-Muslims are exempted from such enforcement activities, but if found selling food during fasting hours to Muslims, they could be considered in violation. “We apprehended 11 persons on Tuesday, including a lady selling groundnuts who was seen eating from her wares, after some persons alerted us. The other 10 persons were men and were arrested across the city, especially close to markets where a...

The Federal Government has postponed the launch of the Nigerian Students Loan Scheme indefinitely. Akintunde Sawyer, the Executive Secretary of the Nigerian Education Loan Fund (NELFUND), stated this in an interview with Arise News. The loan which was formally slated to take off on Thursday, March 14, 2024, has been postponed again, as there are some corrections that are being made around the launch according to Sawyer. “Unfortunately, I won’t be able to commit to a specific date. We are sort of waiting to ensure that all the stakeholders are aligned to make sure that nobody is blindsided, then we can actually roll this out in a meaningful, comprehensive, wholesome and sustainable way.” President Bola Tinubu signed the bill into law in June 2023, to establish a Students Loan Fund (SLF) to provide interest-free loans to Nigerians seeking higher education. The bill, sponsored by Femi Gbajabiamila, the former Speaker of the House of Representatives, was initially planned to kickstart betw...