HACKERS STEAL $6.3 BILLION FROM BINANCE IN RECORD CRYPTO HEIST. (PHOTO).

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 Hackers steal $6.3 billion from Binance in record Crypto Heist Hackers have stolen $6.3 billion from Binance, the world’s largest cryptocurrency exchange, in the biggest crypto heist in human history. “This was a complex attack, and we are doing all we can in coordination with law enforcement to resolve it,” Binance said in a post about the breach, which has shaken the cryptocurrency market. The cryptocurrency exchange said on Friday that deposits were unaffected and that it was working with partners to freeze some of the affected assets, with about $3 billion located so far. Withdrawals have been suspended for the next day. Binance did not mention the status of the remaining $3.3 billion, but said it will cover all losses. The cryptocurrency exchange said on Friday that deposits were unaffected and that it was working with partners to freeze some of the affected assets, with about $3 billion located so far. Withdrawals have been suspended for the next day. Binance did not mention...

QUEUES RESURFACE IN FILLING STATIONS AS TINUBU DECLARES FUEL SUBSIDY REMOVAL. (PHOTO).


 Queues Resurface In Filling Stations As Tinubu Declares Fuel Subsidy Removal

May 29, 2023

Petrol stations in the city of Enugu are experiencing long queues just hours after President Bola Tinubu on Monday announced the end of fuel subsidy.

This is even as most of the stations that are dispensing increased their pump rates.

President Tinubu in his inauguration speech, highlighted that the fuel subsidy regime had disproportionately favoured the rich over the poor.

He commended the decision to phase out the subsidy, stating that the resources previously allocated to subsidy payments would be redirected towards public infrastructure, education, healthcare, and job creation, to improve the lives of millions.

In addition to the subsidy removal, Tinubu also addressed concerns about multiple taxations.

He expressed his commitment to reviewing the existing taxation system to stimulate economic growth and attract more investors to the country.

Many private stations visited by our correspondent are selling from 230 to 270 litres per litre.

The rush motorists said is due to the fear of further hike in the price of the product.

Analysts said the pump price could go as high as 750 naira per litre if the government stops paying subsidy.

The coming days will surely be interesting as Nigerians welcome the new administration.

 

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