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Nigeria News

Latest Nigeria News

Nigerian court orders arrest of prison doctor as Binance exec is wheelchair-bound
News
Read more - Nigerian court orders arrest of prison doctor as Binance exec is wheelchair-bound

Nigerian court orders arrest of prison doctor as Binance exec is wheelchair-bound

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…
Nigerian finance minister asks SEC to address crypto regulations
News
Read more - Nigerian finance minister asks SEC to address crypto regulations

Nigerian finance minister asks SEC to address crypto regulations

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…
Nigeria to focus on Blockchain and emerging tech with plans to deploy research centers 
News
Read more - Nigeria to focus on Blockchain and emerging tech with plans to deploy research centers 

Nigeria to focus on Blockchain and emerging tech with plans to deploy research centers 

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…
Blockchain can combat illicit fund transfers, Nigeria’s top finance investigator says
News
Read more - Blockchain can combat illicit fund transfers, Nigeria’s top finance investigator says

Blockchain can combat illicit fund transfers, Nigeria’s top finance investigator says

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,
Nigerian blockchain advocacy group warns of repercussions from Binance dispute
News
Read more - Nigerian blockchain advocacy group warns of repercussions from Binance dispute

Nigerian blockchain advocacy group warns of repercussions from Binance dispute

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…
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Crypto supporter Rep. French Hill calls Binance’s Tigran ‘pawn in Nigerian political fight’
News
Read more - Crypto supporter Rep. French Hill calls Binance’s Tigran ‘pawn in Nigerian political fight’

Crypto supporter Rep. French Hill calls Binance’s Tigran ‘pawn in Nigerian political fight’

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…
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Nigeria gives VASPs 30-day ultimatum to comply with new rules
News
Read more - Nigeria gives VASPs 30-day ultimatum to comply with new rules

Nigeria gives VASPs 30-day ultimatum to comply with new rules

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. lawmakers visit imprisoned Binance executive in Nigeria
News
Read more - U.S. lawmakers visit imprisoned Binance executive in Nigeria

U.S. lawmakers visit imprisoned Binance executive in Nigeria

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 drops tax charges against Binance executives
News
Read more - Nigeria drops tax charges against Binance executives

Nigeria drops tax charges against Binance executives

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,…
Nigerian minister defends trial of detained Binance exec amid US lawmakers’ outcry
News
Read more - Nigerian minister defends trial of detained Binance exec amid US lawmakers’ outcry

Nigerian minister defends trial of detained Binance exec amid US lawmakers’ outcry

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…
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Binance doesn’t see a clear roadmap for getting exec out of Nigeria
News
Read more - Binance doesn’t see a clear roadmap for getting exec out of Nigeria

Binance doesn’t see a clear roadmap for getting exec out of Nigeria

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…
Nigerian court delays Binance executives’ tax evasion trial
News
Read more - Nigerian court delays Binance executives’ tax evasion trial

Nigerian court delays Binance executives’ tax evasion trial

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…
Binance executive denied bail in Nigerian money laundering case
News
Read more - Binance executive denied bail in Nigerian money laundering case

Binance executive denied bail in Nigerian money laundering case

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…
Binance bribery allegations could impede foreign investment in this country, risk consultants say
News
Read more - Binance bribery allegations could impede foreign investment in this country, risk consultants say

Binance bribery allegations could impede foreign investment in this country, risk consultants say

SBM Intelligence, a risk consultancy firm, has cautioned that bribery allegations against government officials could hinder foreign investment.
BNB BNB
Nigeria denies “phantom” Binance bribe claims
News
Read more - Nigeria denies “phantom” Binance bribe claims

Nigeria denies “phantom” Binance bribe claims

Nigeria’s federal government refuted claims from Binance CEO Richard Teng, accusing officials of demanding a “significant payment” to resolve ongoing disputes.
Binance CEO says Nigeria ‘unlawfully detained’ Tigran Gambaryan
News
Read more - Binance CEO says Nigeria ‘unlawfully detained’ Tigran Gambaryan

Binance CEO says Nigeria ‘unlawfully detained’ Tigran Gambaryan

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…
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