GOV. UZODIMMA CALLS FOR LOVE, UNITY, HIGHLIGHTS PROGRESS IN IMO STATE. (PHOTOS). #PRESS RELEASE.

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 GOVERNOR UZODIMMA CALLS FOR LOVE, UNITY, HIGHLIGHTS PROGRESS IN IMO STATE  In his Easter message delivered after the Holy Eucharist at St. Rose of Lima Catholic Parish in Omuma, Oru East LGA, His Excellency, Senator Hope Uzodimma CON, emphasized the central theme of the Easter season — Love. The Governor called on citizens to extend the spirit of Easter beyond mere celebration, encouraging them to embody love, unity, and compassion in their daily interactions and civic responsibilities. He commended the people of Imo State for their steadfast commitment to these virtues and urged continued efforts to promote a caring and united society. Highlighting the state's achievements, Uzodimma pointed to his administration’s people-centered policies and projects aimed at enhancing the quality of life for Imo residents. A major initiative, he noted, is the flagship power project, which focuses on the generation, transmission, and distribution of uninterrupted electricity across the Stat...
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BINANCE CONFIRMS WORKING WITH TINUBU GOVT TO BLOCK DOLLAR-NAIRA EXCHANGE.(PHOTO).

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 Binance confirms working with Tinubu govt to block dollar-naira exchange


Binance disclosed this in an announcement on its “commitment to P2P users in Nigeria” on Tuesday, warning that “users behaving in a manipulative way will be removed from the platform.”


“As industry leaders,” Binance said, “We are working hand in hand with local authorities, lawmakers, and regulators to ensure we act on non-compliance.’’


The crypto exchange platform further said it is “setting an upper limit for ads, filtering and removing bad ads, requiring and raising deposits for merchants posting ads as well as processes for actioning against any market manipulators.”


On Tuesday, Binance disabled sell option for its Nigerian users, blocking them from selling fiat currency, USDT, on the platform. It also capped the buy option to $1802 for Nigerian users.


It also disabled purchase of cryptocurrencies via P2P for its Nigerian users, leaving those who might want to sell their crypto assets such as Bitcoin, BNB, Ethereum via P2P stuck.


This comes as another desperate move by the Tinubu-led government to stem naira freefall against the dollar. The naira continues to decline even after the Economic Financial Crimes Commission raided perceived currency speculators at a popular Abuja Bureau De Change hub on Monday.


Earlier on Tuesday, the National Security Adviser, Nuhu Ribadu, directed law enforcement agencies to take firm measures against anyone engaged in foreign exchange market speculation.


“In a concerted effort to safeguard Nigeria’s foreign exchange market and combat speculative activities, the Office of the National Security Adviser and the Central Bank of Nigeria are joining forces to address challenges impacting the nation’s economic stability,” a statement issued by Mr Ribadu’s office read.


It added, “The CBN’s proactive measures to stabilise the foreign exchange market and stimulate economic activities have been commendable. However, the effectiveness of these initiatives is being undermined by the activities of speculators, both domestic and international, operating through various channels, thereby exacerbating the depreciation of the Nigerian naira.

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