Bloomberg report

US Lawmakers Accuse Nigeria of Holding Binance Executive Hostage, Seek Biden’s Intervention

Jun 6, 2024. by Praise Ben

US lawmakers accuse Nigeria of holding Binance executive “hostage” in Abuja. Gambaryan was detained during a visit to discuss Binance’s compliance issues, with a colleague escaping detention. Sixteen Republican congressmen, have urged President Biden to intervene for Gambaryan’s release. EKO HOT BLOG reports that US lawmakers have accused Nigeria of holding Tigran Gambaryan, an executive from … Read more

Naira Becomes Worst-Perfoming Currency Globally

May 11, 2024. by Praise Ben

Recent Bloomberg report identifies Nigeria’s naira as worst-performing currency Naira hits record low against dollar, attributed to severe shortage of US dollars in local market. Volatility in currency expected to intensify pressure on CBN for rate hike. EKO HOT BLOG reports that a recent Bloomberg report highlights Nigeria’s currency, the naira, as the world’s worst-performing currency … Read more