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...
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SENATE MOVES TO REQUIRE 20% CASSAVA FLOUR IN WHEAT PRODUCTS. (PHOTO).

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 Senate Moves to Require 20% Cassava Flour in Wheat Products


The Nigerian Senate has moved forward with a bill requiring the inclusion of 20% high-quality cassava flour in wheat used by local producers or imported into the country. The bill, which successfully passed its second reading, aims to reduce Nigeria’s annual wheat importation costs, currently exceeding $3 billion.


The proposed legislation seeks to promote cassava farming, create a sustainable market for cassava flour, and regulate the proportion of cassava to wheat in flour production. Senator Saliu Mustapha, the bill's sponsor, highlighted the potential for the initiative to cut wheat import costs, support Nigeria’s position as the world’s largest producer of cassava, and stimulate job creation in agriculture.


The bill also proposes tax incentives for wheat and cassava flour producers and importers, with an emphasis on reducing Nigeria's food import bill and boosting rural development and food security. This move aligns with a 2021 policy by the Federal Ministry of Agriculture and Food Security to encourage cassava flour inclusion in wheat products.

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