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| Version 65 | Version 66 |
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| Africa Live: Meningitis outbreak kills 17 students in Nigeria - BBC News | |
| (32 minutes later) | |
| Nkechi Ogbonna | |
| West Africa business journalist, BBC News | |
| Nigerian authorities on Wednesday detained executives from the global cryptocurrency exchange platform Binance over allegations of “fixing the country’s exchange rate”. | |
| Details of the arrest of the two executives remain murky. However, reports say they had arrived in Nigeria to discuss the suspension of the trading platform with Nigerian authorities. | |
| The country’s Central Bank Governor, Olayemi Cardoso, had on Tuesday revealed that about $26bn (£20bn) had passed through Binance Nigeria in cryptocurrency trades through “sources and users who we cannot adequately identify”. | |
| In a Wednesday interview on local Channels Television, Bayo Onanuga, the presidential spokesman, accused the crypto platform of fixing the country’s exchange rates and assuming the role of the central bank. | |
| “If we don’t clamp down on Binance, Binance will destroy the economy of this country. They just fix the rate,” he added. | |
| Binance officials are yet to respond to the claims. | |
| Last December, Nigerian authorities lifted a two-year ban imposed on cryptocurrency transactions over what they described as money laundering and terrorism financing risks posed by cryptocurrency in the country. | |
| This government's clampdown on Binance is among the measures it believes would save the local naira currency, which has depreciated by almost 70% in the last eight months. | |
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