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Nairaland Forum / Nairaland / General / Business / FOREX Crisis: FG Slams $10 Billion Fine On Binance (30735 Views)
Forex Crisis: FG Plans Clampdown On Binance, other Crypto Firms - Premium Times / FCCPC Imposes $110 Million Fine On British American Tobacco / FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom (2) (3) (4)
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Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by esemes256: 12:40pm On Mar 01 |
Is that the amount of damage that has been done to the economy by binance? |
Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by Hopez456(m): 12:40pm On Mar 01 |
Will all these save the drowning naira? 1 Like |
Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by Obviouslyblunt: 12:41pm On Mar 01 |
L |
Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by RepoMan007: 12:42pm On Mar 01 |
Ola9ja23:can you prove the saboteurs were sponsored or commissioned by the binance team? We all know FG is surviving on printed cash and needs Osusu from anywhere. They tried borrowing from dead Nigerians but it failed, they tried nonsense with MTN and I collapsed. They have seen a rich nation-less entity they can squeeze so let them squeeze them in peace. 4 Likes 1 Share |
Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by Mrzed: 12:43pm On Mar 01 |
A good decision ![]() https://tempoonline.com.ng/binance-suffers-huge-setback-as-fg-slams-crypto-currency-with-10-billion-fine/
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Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by chronique(m): 12:43pm On Mar 01 |
Good one |
Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by Bluearrow: 12:43pm On Mar 01 |
So the $10 billion they were hoping to raise, they want only binance to pay it? 7 Likes |
Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by Lomprico2: 12:43pm On Mar 01 |
Tif na tif, any day any time. Tinubu wan rob binance. Emiefele is not that cause of the crash in economy anymore, dem don see 10 billi ![]() 4 Likes |
Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by Basicend: 12:44pm On Mar 01 |
Correct. |
Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by Badgers14: 12:44pm On Mar 01 |
How's does FG intend to collect this fine from binance? 11 Likes |
Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by delvzy(m): 12:44pm On Mar 01 |
All these nah okoto. If they’re truly patriotic about the naira and the economy, they’ll do the needful on putting a stop to the real arbitrageurs. You can ban Binance and what not for the time being but that won’t solve anything. Aboki Fx came and nothing change, this one too will pass. 1 Like |
Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by Kobicove(m): 12:45pm On Mar 01 |
Federal Government wants to Kill Binance patapata ![]() |
Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by tefund(m): 12:46pm On Mar 01 |
They Don't have name? |
Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by Ola9ja23: 12:47pm On Mar 01 |
Sacchi1162:Enemy of progress God shall put all of you in permanent shame No rest of mind for enemies of Nigeria 4 Likes |
Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by pipnator00(m): 12:47pm On Mar 01 |
10billion.. now this is clowning.. ![]() ![]() 3 Likes |
Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by olax02(m): 12:48pm On Mar 01 |
There are thousands of ways to make money on Binance. Suspending naira-to-dollar trading will not provide the last solution. I understand what am saying. 1 Like |
Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by mexxy1(m): 12:48pm On Mar 01 |
Copy cats. Because they heard the US fined binance, they've also copied. Who are those benefitting from the rise in the USD against the Naira if not the politicians? How many of them (politicians) have visible investments to show for the opulence and wealth they exhibit? Do the poor masses scramble for Dollars? Who needs the Dollars to travel and gallivant around the world if not the politicians? They just want to deceive their gullible supporters that they're working. 8 Likes 2 Shares
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Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by Showguyz: 12:48pm On Mar 01 |
If them pay that $10billion abeg FG instead of una to loot am just carry am pay IMF for our debt make we know say na only $7 billion remain, I take God beg una 4 Likes |
Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by Strafudeen: 12:48pm On Mar 01 |
Good |
Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by hosemujica: 12:49pm On Mar 01 |
See as the clueless masses are happy that our leaders are chasing shadows instead of tackling the real source of our problems. 14 Likes 1 Share |
Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by melodyogonna(m): 12:49pm On Mar 01 |
If the company is not registered then how is the fine binding? Can they sue Binance if it doesn't pay or is this for show? 8 Likes |
Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by Lexusgs430: 12:49pm On Mar 01 |
CBN & FG are getting very desperate...... 😁😜 Same way buhari banned twitter (Lie Mohammed), we are still awaiting that proposed twitter HQ in Nigeria...... FG kidnapped Binance officials, then placed a ransom on their heads...... 😊 Same FG is seeking FDI.... Clueless bunch of incompetent morons.... 12 Likes 1 Share |
Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by ITbomb(m): 12:50pm On Mar 01 |
So when they pay the fine, will they be allowed to continue the P2P? Who will enforce the fine? Shouldn't it be a court ruling? 3 Likes |
Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by Sharon805010: 12:50pm On Mar 01 |
Davidic1999:dey play is your name, if they rip you no come here dey cry o 3 Likes |
Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by Oghene86: 12:50pm On Mar 01 |
Mrzed: One cent you would not get 😂 after destroying the economy they are looking for the easy way out, you will hear from their lawyers 3 Likes 1 Share |
Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by unclejb2(m): 12:50pm On Mar 01 |
RepoMan007:couldn't be said any better.... Binance must pay the ransom 1 Like |
Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by Jagabanbattle: 12:51pm On Mar 01 |
Davidic1999: Until they scam you on telegram and WhatsApp, nah then u goh understand better. 1 Like |
Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by IbeOkehie: 12:51pm On Mar 01 |
The market is what it is. Nobody can force a price on anything indefinitely. Nigeria has just sent a message to the world that our government is arbitrary, wicked, untrustworthy and abusive. Investors big and small have been avoiding Nigeria for a while now. I've personally realized a long time ago that nothing owned in Nigeria is safe from government and this is further proof. Who exactly will risk importing major capital into Nigeria now? The naira is losing value because the government of Nigeria has increased money supply by massive amounts since 2015. The recent CBN audit has proved it, various government officials have admitted it. Binance or Abokifx have nothing to do with it, they report and facilitate currency trades. melodyogonna: Two Binance officers are under arrest in Nigeria. I guess they're the surety for the fine. This is kidnapping for ransom as a national business. The whole thing is disgusting 🫣 Good Luck to Nigeria. 14 Likes 6 Shares |
Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by 9jatriot(m): 12:51pm On Mar 01 |
Baba really talk say he de expect $10, some people think say na loan he de talk about... Many agencies will sit up now and know they are dealing with a no-nonsense man when non de blab. 4 Likes |
Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by HeroicMeastro: 12:51pm On Mar 01 |
fuckJones:I tell you... very useless and hopeless people. 3 Likes |
Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by naijawatchman: 12:52pm On Mar 01 |
Lol. They want to grow our foreign reserve with the fine? That's an unreasonable amount. 2 Likes |
Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by nairalanda1(m): 12:52pm On Mar 01 |
Just a moneygrab, and also, does not address the real issue...that we are not earning enough dollars. 5 Likes |
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