Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,991,381 members, 7,285,258 topics. Date: Wednesday, 01 February 2023 at 04:43 AM

Desperate For Cash, Buhari Takes Nigeria Into Binance For Cryptocurrency Trade - Nairaland / General - Nairaland

Nairaland Forum / Nairaland / General / Desperate For Cash, Buhari Takes Nigeria Into Binance For Cryptocurrency Trade (250 Views)

Desperate For Good Internet Access In Ilorin, Kwara State / Buhari Takes Over NDDC, Appoints Banker Sole Administrator / The Effects Of Being Desperate For Human Acceptance And Friendship. (2) (3) (4)

(1) (Reply)

Desperate For Cash, Buhari Takes Nigeria Into Binance For Cryptocurrency Trade by Jexato230abu: 9:59pm On Oct 14, 2021
The Nigerian government has officially started online cryptocurrency trade to raise funds in the face of dwindling resources, a source in the Ministry of Finance told YeyeNews.com. “Federal Executive Council approved the measure at an emergency meeting in April. We made a profit of $5,000 worth of bitcoin in our last trading session. This may sound small but a cumulative result spread over period of time may bring in something substantial into our fast drying up national purse”, the source told YeyeNews.com.



“This is part of some innovative economic policies that President Buhari will be rolling out in the coming months”, a presidential spokesman told Yeyenews.com. When asked how the ban on cryptocurrency trade will affect the legality of this measure the spokesman said “the government cannot be affected by such. We can operate outside the ban because we made it in the first place”. He then added that “the nation is in an economic emergency which calls for extraordinary measures otherwise a catastrophic collapse may be imminent.”


Click below for full story........

https://yeyenews.com/desperate-for-cash-buhari-takes-nigeria-into-binance-for-cryptocurrency-trade/

(1) (Reply)

How To Delete Followers? / The Best Way To Get Rid Of Cellulite / Nairalanders Please Help Me Identify This Snake I Killed.

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2023 Oluwaseun Osewa. All rights reserved. See How To Advertise. 193
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.