Places Nigeria

Crypto is widely used in Nigeria. Nigerians are among the world’s largest adopters of digital currencies like Bitcoin, driven by high inflation, foreign exchange restrictions, and distrust in the traditional financial system.

KuCoin to enforce 7.5% VAT on Nigerian trades amid regulatory changes

Exchanges 5 months ago

Local stakeholders said the move suggest that there was room for further crypto growth in the country.

KuCoin to enforce 7.5% VAT on Nigerian trades amid regulatory changes

Nigeria issues 30-day deadline for crypto firms to re-register under new regime

Regulation 5 months ago

The SEC's directive comes amid increasing scrutiny and skepticism toward digital assets, which have exacerbated forex and economic issues in the country.

Nigeria issues 30-day deadline for crypto firms to re-register under new regime

US lawmakers visit detained Binance exec in Nigeria, call for urgent release

Legal 6 months ago

Nigerian authorities have resumed their case against the detained Binance executive.

US lawmakers visit detained Binance exec in Nigeria, call for urgent release

Nigerian court drops Binance Anjarwalla’s case following his custody escape

Legal 6 months ago

Tigran Gambaryan is still held at the Kuje Prison by the Nigerian authorities.

Nigerian court drops Binance Anjarwalla’s case following his custody escape

Nigeria drops tax evasion charges against Binance execs

Legal 6 months ago

Gambaryan continues to face money laundering charges from the Nigerian authorities.

Nigeria drops tax evasion charges against Binance execs

Former US prosecutors demand action on Binance exec’s detention in Nigeria

Crypto 6 months ago

The Nigerian government maintains Gambaryan and Binance would be allowed to themselves in court.

Former US prosecutors demand action on Binance exec’s detention in Nigeria

Lawmakers plea for President Biden’s swift action as US Binance exec fights for life in Nigerian prison

People 6 months ago

The lawmakers argued Gambaryan is being held as part of a coercion tactic by the Nigerian government to extort Binance.

Lawmakers plea for President Biden’s swift action as US Binance exec fights for life in Nigerian prison

Nigerian High Court delays Binance executive trial over health concerns

Legal 6 months ago

Tigran Gambaryan has been held in Nigeria since February 26.

Nigerian High Court delays Binance executive trial over health concerns

Nigerian court denies bail to Binance executive, intensifying crypto industry tensions

Legal 7 months ago

Stakeholders warn that the continued detention of Binance executives in Nigeria could cause reputational damage for the country.

Nigerian court denies bail to Binance executive, intensifying crypto industry tensions

IMF backs crypto to solve Nigeria’s forex issues despite local crackdown

Adoption 7 months ago

The IMF contends that through proper regulation and licensing, cryptocurrencies can provide Nigeria with tools for more secure and efficient transaction processes.

IMF backs crypto to solve Nigeria’s forex issues despite local crackdown

Nigeria claims Binance’s bribery allegations are ‘blackmail’

Exchanges 7 months ago

The government said Binance should respect the legal process instead of engaging in public relations maneuvers.

Nigeria claims Binance’s bribery allegations are ‘blackmail’

Binance CEO says Nigeria is detaining US exec as a control tactic, reveals bribe demands

Exchanges 7 months ago

Binance CEO Richard Teng calls for the release of Tigran Gambaryan, a detained U.S. executive in Nigeria, denouncing the action as a dangerous new precedent and revealing bribe demands by Nigerian officials.

Binance CEO says Nigeria is detaining US exec as a control tactic, reveals bribe demands

Nigeria to remove Naira from P2P trading platforms to curb currency manipulation

Regulation 7 months ago

The Nigerian government have stepped up efforts to curb foreign exchange manipulation with the removal of Naira from P2P platforms.

Nigeria to remove Naira from P2P trading platforms to curb currency manipulation

Nigeria poised to outlaw P2P crypto trading over national security concerns

Legal 7 months ago

The NSA's classification is expected to pave the way for new regulations banning P2P crypto trading, with an official announcement anticipated soon.

Nigeria poised to outlaw P2P crypto trading over national security concerns

Nigeria denies freezing over 300 P2P accounts on more crypto exchanges amid forex concerns

Regulation 7 months ago

Nigeria CBN circular warned that traders "buying and selling USDT illegally" would be arrested.

Nigeria denies freezing over 300 P2P accounts on more crypto exchanges amid forex concerns

Kenya to extradite Binance executive involved in tax evasion and escape drama to Nigeria

Exchanges 8 months ago

Binance's legal battle in Nigeria has faced significant challenges, with the cout postponing proceedings twice.

Kenya to extradite Binance executive involved in tax evasion and escape drama to Nigeria

Nigerian court orders Binance executive to remain in prison despite not guilty plea

Exchanges 8 months ago

Gambaryan argued that he shouldn't be held responsible for Binance's actions.

Nigerian court orders Binance executive to remain in prison despite not guilty plea

Binance executive remains detained as Nigerian court postpones case

Exchanges 8 months ago

Binance's legal turmoil in Nigeria continues amid charges and executive detention.

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Places Nigeria

KuCoin to enforce 7.5% VAT on Nigerian trades amid regulatory changes

Nigeria issues 30-day deadline for crypto firms to re-register under new regime

US lawmakers visit detained Binance exec in Nigeria, call for urgent release

Nigerian court drops Binance Anjarwalla’s case following his custody escape

Nigeria drops tax evasion charges against Binance execs

Former US prosecutors demand action on Binance exec’s detention in Nigeria

Lawmakers plea for President Biden’s swift action as US Binance exec fights for life in Nigerian prison

Nigerian High Court delays Binance executive trial over health concerns

Nigerian court denies bail to Binance executive, intensifying crypto industry tensions

IMF backs crypto to solve Nigeria’s forex issues despite local crackdown

Nigeria claims Binance’s bribery allegations are ‘blackmail’

Binance CEO says Nigeria is detaining US exec as a control tactic, reveals bribe demands

Nigeria to remove Naira from P2P trading platforms to curb currency manipulation

Nigeria poised to outlaw P2P crypto trading over national security concerns