Nigeria News

A Nigerian court has issued a bench warrant for the arrest of Dr. Abraham Ehizojie, a doctor at the Kuje Correctional Centre, currently holding Binance executive Tigran Gambaryan. Reports from local media state that Justice Emeka Nwite of the Federal…

Nigeria’s Finance Minister, Wale Edun, has called for the creation of cryptocurrency regulations as the nation has been introduced to the newly inaugurated Securities and Exchange Commission (SEC) board. Local media quoted Edun urging the SEC to address the complexities…

The National Information Technology Development Agency (NITDA) in Nigeria is looking to deploy research centers geared towards emerging technologies like Blockchain. The initiative was announced by the NITDA’s Director-General, Kashifu Inuw, at the IoT West Africa Conference in Lagos.  According…

Nigeria's Economic and Financial Crimes Commission (EFCC) chair, Olanipekun Olukoyede, advocates for the adoption of blockchain technology and artificial intelligence (AI) to combat illegal fund flows,

Binance’s current legal turmoil with the Nigerian government has drawn the attention of the nation’s blockchain advocacy group, which has called for a balanced resolution. The Blockchain Industry Coordinating Committee of Nigeria (BICCoN) represents the nation’s blockchain sector. The group…

U.S. lawmakers are urgently advocating for the release of Binance’s executive Tigran Gambaryan, saying he’s just caught in a Nigerian political dispute. Arkansas Republican Rep. French Hill keeps urging the Biden administration to secure the release of Tigran Gambaryan, a…

Nigerian regulators mandate that all Virtual Asset Service Providers (VASPs) update their applications within 30 days to comply with revised regulations concerning digital asset issuance, offering platforms, exchange, and custody.

U.S. legislators Chrissy Houlahan and French Hill recently called for the release of Tigran Gambaryan after visiting him in a Nigerian prison. The Binance executive is currently facing serious money laundering charges, which are alleged to be related to his…

Nigeria has dropped the tax charges against two Binance executives, but one executive remains in custody despite health concerns. The Federal Inland Revenue Service (FIRS) of Nigeria has dropped its tax charges against Binance executives Tigran Gambaryan and Nadeem Anjarwalla,…

Following calls from U.S. lawmakers urging President Joe Biden to bring detained Binance exec Tigran Gambaryan back home, Nigerian Minister of Information Mohammed Idris has responded. According to Idris’s statement, Gambaryan’s trial has adhered to all due processes at all…

Noah Perlman, Binance’s Chief Compliance Officer, discussed the latest in the legal battle involving Nigeria and Binance executive Tigran Gambaryan. Perlman commented on the ongoing saga involving two Binance executives and the Nigerian government without giving much hope for a…

Citing failure to bring Tigran Gambaryan to court, Nigerian court postpones a court hearing in the Binance tax evasion case until June. A Nigerian court has delayed proceedings in the tax evasion case against the Binance crypto exchange, rescheduling the…

A Federal High Court in Abuja has denied bail to Tigran Gambaryan, a Binance executive, who faces charges of money laundering and tax violations in Nigeria. Justice Emeka Nwite ruled against granting Gambaryan bail on Friday, citing the executive’s potential…

SBM Intelligence, a risk consultancy firm, has cautioned that bribery allegations against government officials could hinder foreign investment.

Nigeria’s federal government refuted claims from Binance CEO Richard Teng, accusing officials of demanding a “significant payment” to resolve ongoing disputes.

Binance CEO Richard Teng says the Nigerian government has made a “dangerous precedent” for all companies worldwide following the detention of the exchange’s two employees. The arrest of two mid-level employees following their invitation to collaborate on policy meetings in…