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Nigerian Crypto Crackdown: Two More Firms Convicted, Forced to Cough Up $30,000
8.11.2024
A Nigerian court has convicted two more cryptocurrency firms, Egomsinachi Road Autos Limited and Chimera Log & Haulage Services Limited, for conducting unauthorized USDT-to-naira transactions. As a result, they’ve been ordered to transfer nearly $30,000 to the federal government....
Nigeria Unveils Amnesty Program to Recover Illegally Held Dollars Amid Forex Crisis
3.11.2024
The Nigerian government has announced a nine-month program allowing individuals to deposit U.S. dollars held outside the formal banking system without facing penalties or scrutiny. Finance Minister Wale Edun said his ministry will first issue guidelines for the program, followed promptly...
Google Fuels Nigeria’s AI Ambitions With Million Dollar Grant
1.11.2024
The Federal Ministry of Communications, Innovation, and Digital Economy (FMCIDE) in Nigeria has announced a $1.7 million (NGN2.8 billion) Google grant to promote artificial intelligence (AI) talent development. This will support the Ministry’s AI initiatives and align with Google.org’s...
Nigeria’s Currency Plunges as Dollar Liquidity Dries Up: Will a Naira-for-Crude Oil Swap Revive It?
31.10.2024
The Nigerian naira recently hit a new low against the U.S. dollar, ranking among the three worst-performing currencies globally. Dollar Liquidity Dries up The Nigerian naira, which has already lost over 70% of its value in 2024, recently dropped to a record low of NGN1,670.65 per U.S. dollar on...
US President Biden Applauds Nigeria’s Crypto Cooperation and Push for Global Reform
30.10.2024
U.S. President Joe Biden has praised Nigeria’s efforts in combating crypto-related financial crimes, including the recent release of a former Binance executive. Biden, Tinubu Strengthen US-Nigeria Ties With Crypto Crime Initiative The White House announced Tuesday that U.S. President Joe Biden held...
President Biden thanks Nigerian President for Binance exec’s release
29.10.2024
A former IRS special agent and Binance’s head of financial crime compliance, Tigran Gambaryan had been in Nigerian custody with reports of deteriorating health since February
President Biden thanks Nigerian President for Binance exec’s release
29.10.2024
A former IRS special agent and Binance’s head of financial crime compliance, Tigran Gambaryan had been in Nigerian custody with reports of deteriorating health since February
President Biden Thanks Nigerian President for Binance Exec’s Release: White House
29.10.2024
U.S. President Joe Biden called Bola Tinubu, the President of Nigeria, on Tuesday to personally thank him for the recent release of detained American Binance executive Tigran Gambaryan
TRON Returns to Nigeria for TRON Connect Africa Community Event
29.10.2024
PRESS RELEASE. Geneva, Switzerland,October 29,2024 – TRON DAO brought together students and industry professionals for a day filled with discussions, networking, and educational sessions at the TRON Connect Community Event in Uyo, Nigeria. Held at the University of Uyo, the event brought...
Nigeria frees Binance exec, Ripple appeals SEC XRP ruling: Law Decoded
28.10.2024
The Nigerian government has dropped charges against a Binance exec, Ripple has filed an appeal, FTX settled with Bybit, and Denmark moves to tax unrealized crypto gains
World Bank: Nigeria Loses $8B on Foreign Exchange Subsidies Over 3 Years
25.10.2024
The World Bank reports that Nigeria lost over $8 billion due to the Central Bank of Nigeria’s (CBN) refusal to float the naira between 2021 and 2023. This foreign exchange subsidy, along with the fuel subsidy, deprived the government of revenue. The World Bank acknowledges the suffering...
Tigran Gambaryan Has Left Nigeria Following Months-Long Detention
24.10.2024
Binance exec leaves Nigeria after authorities drop final charges
24.10.2024
After eight months’ detainment in Nigeria and court delays, Binance’s head of financial crime compliance, Tigran Gambaryan, is heading home for medical treatment
Nigeria Drops Money Laundering Charges Against Ex-US Federal Agent
23.10.2024
The Nigerian government has dropped money laundering charges against jailed Binance executive and former U.S. Federal agent Tigran Gambaryan. The Binance executive’s lawyer said the charges were dropped after the court determined that Gambaryan was merely an employee and could not...
Tigran Gambaryan Free to Leave Nigeria for Medical Treatment After Money Laundering Charges Dropped: Reports
23.10.2024
Nigeria's government has withdrawn the money laundering charges against Binance executive Tigran Gambaryan, local news outlet Punch reported first on Wednesday
Nigerian Government Dismisses Charges Against Binance Exec
23.10.2024
The Nigerian government has dropped charges against Binance executive Tigran Gambaryan, who was facing allegations related to Binance’s…
Nigeria drops money laundering charges against Binance exec
23.10.2024
Announcing the withdrawal of the charges, the EFCC lawyer reportedly said that Tigran Gambaryan was merely an employee of Binance
US attorneys push Biden to help free Binance exec held in Nigeria
19.10.2024
Concerns increased over Gambaryan’s well-being on Oct. 18 after his illness prevented him from appearing in court
Nigeria Receives Nearly $100,000 From Unlicensed Crypto Firms
16.10.2024
The Nigerian government received nearly $100,000 from two cryptocurrency firms accused of conducting unlicensed conversions of tether (USDT) to naira and vice versa. The two Nigerian cryptocurrency firms, Paparaxy Global Ventures Limited and Lemskin Technologies Limited were accused of operating...
Nigerian court denies bail for Binance exec despite health concerns
11.10.2024
Judge Emeka Nwite ruled that Tigran Gambaryan should stay in prison unless his health condition poses a threat to others and quarantine is unavailable