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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Nigeria's government has withdrawn the money laundering charges against Binance executive Tigran Gambaryan, local news outlet Punch reported first on Wednesday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
Binance Executive Tigran Gambaryan Denied Bail in Nigeria
11.10.2024
The Binance executive has been detained in Nigeria since February
Nigerian Fintech Okra Launches Cloud Unit to Boost Revenue
11.10.2024
Nigerian fintech startup Okra has entered the cloud infrastructure market in West Africa with its new subsidiary, Nebula. The move aims to diversify revenue and mitigate economic risks. Nebula offers a more affordable alternative to global cloud providers and aligns with the government’s push...
Nigeria Injects $543.5M to Shore up Naira
9.10.2024
The Central Bank of Nigeria (CBN) injected $543.5 million into the Nigerian foreign exchange market between September 6th and 30th to address currency volatility. The bank attributed the volatility to high demand for imports and seasonal factors. Nigeria is facing foreign exchange shortages and...
Nigeria Central Bank Governor Defends Naira Float Decision
8.10.2024
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, emphasized the importance of the decision to float the naira, despite public criticism of the move. He stated that the disparity between official and parallel exchange rates encouraged arbitrage and speculation, eroding market...
Nigeria’s Oil-for-Naira Program, Blackrock’s New Stablecoin, and More — Week in Review
6.10.2024
Nigeria introduced an “oil-for-naira” program by selling crude oil to Aliko Dangote’s refinery in a bid to stabilize the weakening local currency. Blackrock announced its support for UStb, a new stablecoin from Ethena Labs. The SEC has formally appealed a court ruling in...
Nigeria Introduces System to Boost Forex Market Transparency
5.10.2024
The Central Bank of Nigeria (CBN) is launching a new electronic system (EFEMS) to improve transparency in the foreign exchange market. This comes as the Nigerian currency weakens. Authorized dealers must comply with existing regulations and complete necessary preparations before using EFEMS....
Nigeria to Launch $1.5M Initiative to Boost AI Development
5.10.2024
Nigeria’s Minister of Communications, Innovation, and Digital Economy, Bosun Tijani, has announced a $1.5 million initiative to boost the country’s Artificial Intelligence (AI) development. This fund, supported by Luminate, a global foundation, will be launched on Oct. 7 in Abuja....
Stablecoins now 43% of Sub-Saharan Africa crypto tx volume: Chainalysis
2.10.2024
Nigeria and Ethiopia have both experienced local currency devaluation which has driven stablecoin adoption.
Nigeria Unveils Oil-for-Naira Program to Stabilize Local Currency
2.10.2024
Nigeria began selling crude oil to billionaire Aliko Dangote’s new refinery in naira on October 1st. This “oil for naira” scheme aims to ease pressure on the struggling Nigerian currency, the naira, which has lost significant value this year. However, the success of the scheme...
'Is Daddy on the Airplane?' Jailed Binance Exec Gambaryan Family’s Ordeal in New Podcast
1.10.2024
“Is Daddy on the airplane?” my son asked. Yuki Gambaryan, the wife of Binance executive Tigran Gambaryan, who is jailed in Nigeria tells of her family’s ordeal in a new podcast, “Designated.”
Nigeria’s Central Bank Raises Benchmark Rate by 50 Basis Points
25.9.2024
The Central Bank of Nigeria (CBN) raised the Monetary Policy Rate (MPR) by 50 basis points to 27.25% and increased the Cash Reserve Ratio (CRR) for banks. These measures aim to combat inflation and stabilize the Nigerian economy. The CBN governor, Olayemi Cardoso, stated that the reforms...