![Nigeria gives VASPs 30-day ultimatum to comply with new rules](https://crypto.news/app/uploads/2024/03/crypto-news-Nigerias-SEC-option03-880x525.webp)
Nigeria News
Latest Nigeria News
![Bail for detained Binance exec opposed in Nigeria](https://crypto.news/app/uploads/2024/03/crypto-news-Nigerias-SEC-option03-880x525.webp)
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A Nigerian high court heard arguments for and against the release of an imprisoned Binance employee days after CEO Richard Teng encouraged U.S. intervention. The trial of Binance executive Tigran Gambaryan resumed in Abuja on Sept. 2 as Nigerian prosecutors…
![Binance calls for US intervention as Tigran Gambaryan’s detention marks 6 months](https://crypto.news/app/uploads/2023/08/crypto-news-broken-Binance-logo-front-side-view-yellow-and-black-colors-low-poly-style-v5.2-880x525.png)
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Binance CEO Richard Teng is urging U.S. intervention as Tigran Gambaryan, an executive at the exchange, reaches six months in deteriorating conditions of Nigerian detention. Binance CEO Richard Teng has urged U.S. authorities and international advocates to intervene as Tigran…
![Nigerian tax authority to introduce crypto regulation bill in September: report](https://crypto.news/app/uploads/2024/03/crypto-news-Nigerias-SEC-option01-880x525.webp)
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The Federal Inland Revenue Service, Nigeria’s tax authority, plans to introduce a bill to regulate the cryptocurrency sector by the end of 2024. Speaking at a recent stakeholder engagement session with the National Assembly’s Finance Committees, FIRS Executive Chairman Zacch…
![Binance exec denied legal counsel as health declines](https://crypto.news/app/uploads/2024/03/crypto-news-Nigerias-SEC-option03-880x525.webp)
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Binance exec Tigran Gambaryan is reportedly being denied legal counsel and healthcare while detained on criminal allegations in Nigeria. Gambaryan was wheeled into an Abuja court during his last hearing on July 16 after his health deteriorated while in Kuje…
![Nigerian court orders arrest of prison doctor as Binance exec is wheelchair-bound](https://crypto.news/app/uploads/2024/03/crypto-news-Nigerias-SEC-option04-880x525.webp)
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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](https://crypto.news/app/uploads/2024/02/crypto-news-Nigeria-detains-Binance-executives03-880x525.webp)
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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 centersÂ](https://crypto.news/app/uploads/2024/03/crypto-news-Nigerias-SEC-option04-880x525.webp)
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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](https://crypto.news/app/uploads/2024/03/crypto-news-Nigerias-SEC-option01-880x525.webp)
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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](https://crypto.news/app/uploads/2024/02/crypto-news-Nigeria-detains-Binance-executives04-880x525.webp)
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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…
![Crypto supporter Rep. French Hill calls Binance’s Tigran ‘pawn in Nigerian political fight’](https://crypto.news/app/uploads/2024/05/crypto-news-Binance-option07-880x525.webp)
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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…
![Nigeria gives VASPs 30-day ultimatum to comply with new rules](https://crypto.news/app/uploads/2024/03/crypto-news-Nigerias-SEC-option03-880x525.webp)
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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](https://crypto.news/app/uploads/2024/03/crypto-news-Nigerias-SEC-option04-880x525.webp)
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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](https://crypto.news/app/uploads/2024/03/crypto-news-Nigerias-SEC-option01-880x525.webp)
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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](https://crypto.news/app/uploads/2024/02/crypto-news-Nigeria-detains-Binance-executives03-880x525.webp)
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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…
![Binance doesn’t see a clear roadmap for getting exec out of Nigeria](https://crypto.news/app/uploads/2024/03/crypto-news-Nigerias-SEC-option04-880x525.webp)
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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](https://crypto.news/app/uploads/2024/02/crypto-news-Nigeria-detains-Binance-executives02-880x525.webp)
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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…