Nigeria News

A Nigerian court has postponed a trial against cryptocurrency exchange Binance and two of its executives.

Fejiro Hanu, CEO of Nigerian crypto exchange platform Patricia, recently took to his X account to refute rumors circulating about the exchange’s imminent closure amid its battle to scale customer fund loss. Hanu denied the growing speculation, emphasizing that the…

The Nigerian Central Bank has requested four fintech companies to pause creating new accounts in a bid to block crypto traders from accessing them. As per a report from Nigerian news outlet Techcabal, the Central Bank of Nigeria (CBN) has directed four key players in…

Nigeria’s central bank denies false claims made by crypto media, asserting that it didn’t mandate local banks to freeze accounts associated with unlicensed crypto exchanges. The Central Bank of Nigeria (CBN) says it didn’t order local financial institutions to freeze…

The EFCC, Interpol, and Kenyan police are negotiating the extradition of the Binance executive.

Nigeria’s tax agency filed charges against two Binance execs, who were later detained. But one of them has escaped. Government officials say they found him.

Nigerian authorities arraigned Binance executive Tigran Gambaryan before an Abuja High Court on April 8, where the employee denied allegations and applied for bail.

The court has postponed the hearing for a Binance official detained in Nigeria on allegations of tax evasion to April 19. 

Binance has asked the Nigerian government to free one of its two arrested employees after the other reportedly escaped custody late last month. 

Binance’s executives intercepted by Nigerian officials have sued the Nigerian government, saying the local authorities have violated their fundamental rights. Binance executives, Tigran Gambaryan and Nadeem Anjarwalla, have filed a lawsuit against Nigeria‘s national security adviser’s office and the anti-graft…

Nadeem Anjarwalla, a detained Binance executive in Nigeria, reportedly escaped custody after being taken for prayer. On Mar. 22, Nadeem Anjarwalla, a British-Kenyan who is Binance‘s regional manager for Africa, reportedly fled Nigeria after being detained upon arrival in the…

Researchers at CoinGecko say 42% of loans from private credit protocols focus on emerging markets, particularly in the automotive sector. Private credit protocols — like Centrifuge and Goldfinch — allocate over 42% of their outstanding loans to a car financing,…

An ex-parte motion in Nigeria’s crackdown on Binance looks set to expose internal platform information to regulatory scrutiny. 

Nigeria’s Securities and Exchange Commission (SEC) is proposing a significant hike in registration fees for cryptocurrency exchanges operating within the nation. The suggested amendment would raise the fee from the current 30 million naira (approximately $18,620) to 150 million naira…

Binance has issued a compliance statement amid executives’ detention in Nigeria, with their stay in custody until at least March 20. As two executives from Binance remain detained in Nigeria for the second week in a row without any charges…

Binance has announced the upcoming cessation of trading for several stablecoin spot trading pairs associated with Justin Sun-linked stablecoin TrueUSD (TUSD). The paris include COMP/TUSD, EDU/TUSD, and PENDLE/TUSD. This decision follows the platform’s routine assessment of trading pairs, aimed at…