Nigeria

March 16, 2024

Nigerian SEC seeks to raise crypto exchange registration fee

Nigeria’s Securities Exchange Commission (SEC) has put forward a proposal to amend the rules governing platforms offering crypto services. The amendment suggests a significant increase in […]
March 13, 2024

Nigeria presses Binance for user data on 100 top local users

The Nigerian government has reportedly intensified its crackdown on Binance, a major cryptocurrency exchange, by demanding information on its top 100 users in the country and […]
March 12, 2024

Binance execs detained in Nigerian capital despite country exit

Despite Binance’s recent announcement of its withdrawal from Nigeria, two senior executives, Tigran Gambaryan and Nadeem Anjarwalla, remain detained in Abuja, Nigeria’s capital.   Gambaryan, former […]
March 04, 2024

Nigerian committee summons Binance CEO over financial crime suspicions

The Nigerian House of Representatives Committee on Financial Crimes has summoned Binance CEO Richard Teng to appear before the committee regarding suspicions of terrorism financing and […]
March 02, 2024

Nigeria denies report of $10B Binance fine

Bayo Onanuga, a special adviser to the Nigerian president on information and strategy, has refuted rumors surrounding a purported $10 billion fine imposed on crypto exchange […]
March 01, 2024

Binance drops naira from P2P platform, gov’t demands $10B compensation

Binance, a cryptocurrency trading platform, has removed the Nigerian currency, the naira, from its peer-to-peer (P2P) service amid the Nigerian government’s crackdown on the exchange. This […]
February 29, 2024

Nigerian central bank head criticizes Binance, execs reportedly arrested

The Central Bank of Nigeria (CBN) has raised concerns about “suspicious flows” of funds through Binance Nigeria in 2023, signaling heightened scrutiny of the cryptocurrency exchange […]
February 22, 2024

Binance faces scrutiny as presidential adviser calls for Nigeria ban

Bayo Onanuga, an adviser to Nigeria’s President Bola Tinubu on information and strategy, has sparked controversy by advocating for the banning of Binance, KuCoin, and other […]
February 21, 2024

Binance adopts USDT price cap to align with local rules in Nigeria

Binance, the leading cryptocurrency exchange, has imposed a price limit on the selling of Tether (USDT) tokens on its peer-to-peer (P2P) platform in Nigeria. The maximum […]

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