binance
18 Mar
The Federal High Court sitting in Abuja has ordered world's largest Cryptocurrency company, Binance Holdings Limited to disclose the names and transaction details of all its most prominent users in Nigeria. Justice Emeka Nwite gave Binance the interim order to provide the Economic and Financial Crimes Commission (EFCC) with a comprehensive information of all the…
18 Mar
A Federal High Court, Abuja has ordered Binance Holdings Limited to provide the Economic and Financial Crimes Commission with the comprehensive data or information of all persons from Nigeria trading on its platform.
13 Mar
In a groundbreaking shift within the cryptocurrency landscape, NoOnes, the innovative peer-to-peer (P2P) platform, is rapidly asserting itself as the go-to choice for Binance users in Nigeria seeking seamless and efficient P2P transactions. As Binance users in Nigeria increasingly embrace NoOnes, the platform is revolutionizing P2P trading with its unique community, mission, and team of…
12 Mar
Families of the two Biannce officials detained in Nigeria have revealed their identities. Nadeem Anjarwalla, 37, and Tigran Gambaryan, 39, have been in Nigerian detention since last month when they flew into Nigeria to discuss with the country's investigators as authorities began an intense scrutiny of cryptocurrency exchanges. Gambaryan currently heads Binance's financial-crime compliance and…
8 Mar
The world’s biggest cryptocurrency exchange Binance is halting operations in Nigeria's naira currency as the government puts cryptobusinesses under increasing scrutiny.
7 Mar
Nigeria's Securities and Exchange Commission (SEC) and the Central Bank of Nigeria (CBN) have concluded plans to offer guidelines for Cryptocurrency operators in the country. The new set of guidelines issued by SEC and the CBN will regulate the licensing, registration and screening of digital and virtual assets service providers (VASPs). SEC in a notice…
6 Mar
Former Minister of State for Defence, Musiliu Obanikoro, has said the arrest and detention of two Binance executives is evidence that the President Bola Tinubu administration is working.
5 Mar
Cryptocurrency giant Binance has said it will discontinue all its naira services, days after two of its officials were detained in Nigeria. The world's biggest cryptocurrency exchange has already told its Nigerian users to either withdraw their naira deposits, trade their assets denominated in the currency or convert their naira holdings into crypto before the…
5 Mar
Indications have emerged that the House of Representatives would issue an arrest warrant against Mr Richard Teng and other officials of Binance Holdings Limited over alleged involvement in terrorism financing, money laundering and other financial crimes in the country.
1 Mar
Binance, a cryptocurrency giant, has refuted the Nigerian government's claims that they are negotiating to pay a $10 billion fine. A Binance official stated it had no discussions regarding a $10 billion fine with the Nigerian government but hopes to resume services "very soon." “We recently discussed ways to resolve issues with Nigeria, but we…
1 Mar
Nigerian authorities have asked the world's largest cryptocurrency exchange Binance to pay a $10 billion fine for infractions, a spokesman for President Bola Tinubu said on Friday. Bayo Onanuga, Tinubu's media adviser, said Binance had enabled "illegal transactions" hurtful to the Nigerian economy. During a BBC interview, Onanuga said Binance is not registered in Nigeria…
29 Feb
A handful of crypto companies in Nigeria, including Binance, one of the world’s biggest exchanges, will no longer allow users to buy the USDT and USDC stablecoins with naira after a renewed scrutiny from the Central Bank of Nigeria (CBN).
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Akwa Ibom State Government has indicated readiness to commence aggressive desilting of gutters and flood channels across the state.
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The Delta State Police Command has urged Point-of-Sale (POS) operators to be cautious when handling large cash transactions, particularly those involving armed individuals. It noted that customers requesting large cash transactions should be accompanied by a video by the POS operator. Police spokesperson, SP Bright Edafe, stated on Friday in a post on X, noting…
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Lagos State government on Friday said it has apprehended 10 fake enforcement officials around the Cele/Itire axis of the Apapa-Oshodi Expressway of the state. The apprehended persons; Ojo Oluwaseun, Rafiu Agbabiaka, Babatunde Ibrahim, Abiodun Olusegun, Daniel Olanrewaju, Aweda Kabiru, Olufowobi Michael, Olamilekan Olasupo, Bunmi James and Iyiola Shola(female) were caught carrying out unauthorised enforcement using…
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The Corporate Affairs Commission (CAC) has warned newly-registered companies against paying certain fees to obtain tax identification number (TIN) amongst others. The management of CAC gave this warning in a statement on its X handle on Friday. CAC said it noticed email messages sent to directors of newly-registered companies. READ ALSO: CAC targets registration of…
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