Nigeria’s president appointed the new SEC Chair to regulate the capital market, bolster investor confidence, and advance economic development.
Nigeria Directs Entities to Identify Those Dealing Crypto With Bybit, KuCoin, OKX and Binance
The Central Bank of Nigeria issued a directive on Tuesday asking financial institutions to identify persons or entities transacting in or operating Bybit, KuCoin, OKX and Binance, according to contents of the letter seen by CoinDesk.
Nigeria’s central bank forced to deny claims of crypto account freeze
The CBN, through the circular, also stated that regulated financial institutions dealing in crypto or facilitating payments for crypto exchanges are prohibited.
Binance exec will remain in Nigerian custody until May 17 bail hearing: Report
The question of Tigran Gambaryan’s bail in Nigeria was expected to be addressed in an April 22 hearing, which has reportedly been pushed back to May 17.
Jailed Binance Exec’s Bail Hearing in Nigeria Postponed Until May 17
Detained Binance executive Tigran Gambaryan will remain in prison in Nigeria until at least May 17, following an Abuja court’s ruling to postpone a scheduled bail hearing until after he is tried on money laundering charges.
Binance Exec Who Escaped From Nigeria Has Been Found in Kenya, Faces Extradition: Reports
Nadeem Anjarwalla, who escaped Nigerian custody in March, could be extradited back to the country within the week, one local media outlet reported citing government sources.
Binance ‘Working Collaboratively’ With Nigerian Government to Free Detained Executive, Compliance Chief Says
Binance is “working as collaboratively as we can” with the Nigerian government to secure the release of its jailed financial crimes investigations chief, Tigran Gambaryan, the exchange’s chief compliance officer Noah Perlman said Wednesday.
Detained Binance Exec Pleads Not Guilty to Money Laundering Charges in Nigeria: Reports
Tigran Gambaryan was remanded pending trial, reports say.
Nigeria Court Adjourns Hearings for Binance, Execs’ Tax Evasion Cases: Reports
The local tax watchdog last month filed charges in an Abuja court against Binance and the two executives who were detained in the country.
Binance Says Compliance Chief Detained in Nigeria Has No Decision-Making Power at Firm
Tigran Gambaryan should not be held responsible in ongoing talks with Nigerian government officials, Binance said in a statement, as he and the exchange face tax evasion charges.
Binance Executives File Suit Against Nigeria: Local Media
The two Binance executives held in Nigeria after being invited for consultations filed suit against two government agencies for allegedly violating their human rights.
What Binance’s Exit From Nigeria Means for P2P Bitcoin
The exchange was forced to leave Nigeria, and I’m sure it will happen to other crypto companies in other countries, Ray Youssef, CEO of NoOnes, writes.
Is Nigeria Strong-Arming Binance?
Two mid-levels executives were detained without charge for more than a month, one escaped. Here’s what we know so far about Nigeria’s legal battle with Binance.
Nigeria Charges Binance, Detained Executives With Tax Evasion: Reports
One of two senior Binance executives in government custody has escaped, local media reported over the weekend.
Nigerian Court Orders Binance to Relinquish Data of All Nigerians Trading on its Platform: Report
A Nigerian court has ordered Binance to provide Nigeria’s Economic and Financial Crimes Commission (EFCC) with comprehensive information on all persons from the nation trading on its platform.
Nigeria’s SEC Proposes 400% Increase to Crypto Firm Registration Fees
The regulator proposed increases to all supervision fees as the country cracks down on the crypto industry.
Detained Binance Executives to Remain in Nigerian Custody Until Hearing: WSJ
The two men were arrested on Feb. 26 after arriving in Abuja to meet with Nigerian leaders who accused the crypto exchange of crashing the country’s currency, the naira.
Binance-Nigeria Brawl Continues As Country Asks Exchange to Submit List of Top 100 Users
Nigeria wants Binance to give information regarding its top 100 users in the country and all transaction history spanning the past six months, the Financial Times reported on Tuesday.
Nigeria Invited, Then Detained Binance’s Compliance Head and Africa Manager for Two Weeks: Reports
Two senior executives of Binance, Tigran Gambaryan and Nadeem Anjarwalla, have been held against their will for the past two weeks by Nigerian authorities.
Nigeria’s Central Bank Enlists Gluwa Nigeria to Boost eNaira Systems, Adoption
Adoption of the central bank digital currency pales in comparison to the use of cash in the country.