Nigeria

Binance Holdings executive, Tigran Gambaryan, is free after the Nigerian government dropped money laundering charges against him. Gambaryan, held since April, was accused of laundering $34.4 million. The Economic and...

Over the past four years, over 2.6 billion people have experienced a 45% loss of purchasing power. In Nigeria, currency depreciation has eroded the value of the Naira, impacting millions...

A Nigerian court has denied a new bail request from Binance executive Tigran Gambaryan, who remains in custody on money laundering charges. Justice Emeka Nwite of the Federal High Court...

Nigeria’s cryptocurrency economy has boomed, making it a global leader in crypto adoption. According to a report by Chainalysis, between July 2023 and June 2024, the African country ranks second...

Binance is actively working to secure the release of its executive, Tigran Gambaryan, from Nigerian custody. Citing Gambaryan’s declining health and the Nigerian government’s allegedly unfair treatment, Binance CEO Richard...

The digital asset trading platforms and individuals in Nigeria that are not complying with local laws will face action from the country’s securities regulator, the Securities and Exchange Commission (SEC),...

A Nigerian court has once again postponed its decision on the bail application of Tigran Gambaryan, a senior executive at Binance Holdings Ltd., who has been detained in the country...

Binance CEO Richard Teng recently pushed back against the Nigerian government’s accusations against the exchange. The trial is set for September 2, 2024. Teng strongly disagrees with the government’s claims...

In the ongoing Binance-Nigeria legal battle, the court has moved up the hearing of the money laundering case against the exchange and its two executives. Originally scheduled for October 11,...

Nigeria’s Federal Inland Revenue Service (FIRS) is gearing up to introduce a comprehensive taxation system for crypto transactions. This plan aims to streamline existing tax laws, boost revenue collection, and...

Nigeria’s Securities and Exchange Commission (SEC) will start licensing cryptocurrency exchanges. This move comes as crypto adoption surges in Nigeria, recently ranked the world’s second-largest user base by Chainalysis. Previously,...

Nigeria’s Federal Inland Revenue Service (FIRS) is proposing new crypto regulations, aiming to streamline tax rules and tackle potential risks in the rapidly growing crypto market. The agency is seeking...

Two U.S. Representatives, Rich McCormick and French Hill, have introduced a resolution to the House Committee on Foreign Affairs, urging lawmakers to designate the detention of a Binance executive in...

Crypto exchange Binance’s regulatory woes in Nigeria deepened as the Central Bank of Nigeria (CBN) accused the company of operating without a license in the country. The allegation emerged during...

The Nigerian Federal Inland Revenue Service (FIRS) has reportedly dropped some tax charges against two Binance executives, Tigran Gambaryan and Nadeem Anjarwalla, in an ongoing legal battle between the cryptocurrency...

The Central Bank of Nigeria (CBN) has tightened regulations on Bureau de Change (BDC) operators and outlawed street trading in foreign currency. According to a Bloomberg report, this measure aims...

A Nigerian court has adjourned a tax evasion case against Binance, the cryptocurrency exchange, until next month. The postponement came after authorities failed to produce Tigran Gambaryan, a Binance executive...

The House of Representatives Committee on Financial Crimes Chairman, Ginger Onwusibe, vehemently denied Binance’s recent claim that Nigerian authorities solicited a $140 million bribe. In a press conference, Onwusibe dismissed...

The Central Bank of Nigeria (CBN) has refuted claims suggesting that it ordered local banks to freeze accounts associated with unlicensed crypto exchanges.  Reports surfaced alleging that the CBN directed...

The Central Bank of Nigeria (CBN) has directed all banks and financial institutions to identify individuals or entities involved in transactions with cryptocurrency exchanges. Per CBN’s instructions, such accounts should...

In a recent update on Binance’s legal tussle with Nigeria, two Binance executives filed a lawsuit against the Nigerian authorities following Nigeria’s decision to arrest the executives.  According to a...

Nigeria’s Federal Inland Revenue Service (FIRS) has taken legal action against crypto giant Binance for alleged tax evasion. On March 25, the FIRS filed a criminal charge before the federal...

According to a recent report, two senior executives of Binance, Tigran Gambaryan and Nadeem Anjarwalla, have been in the official custody of Nigerian authorities for the past two weeks. Gambaryan,...

In the latest turn of events amid the increasing regulatory crypto scrutiny in Nigeria, two Binance executives have been arrested in the West African nation. Despite their attempt to flee...

Prominent U.S. base exchange Coinbase has refuted claims of receiving any directives from the Nigerian government to restrict its citizens’ access to the platform. This denial came through a recent...