LAGOS APRIL 4TH (NEWSRANGERS)-Tigran Gambaryan, a top official of Binance, a crypto exchange platform on Thursday appeared at the Federal High Court in Abuja for arraignment over tax evasion allegations levelled against the company. Binance, Gambaryan and fleeing Nadeem Anjarwalla, are facing a four-count charge by the Nigerian government brought before the court, a case…
LAGOS MARCH 6TH (NEWSRANGERS)-Binance, a leading cryptocurrency exchange, has announced its decision to cease operations in Nigeria due to regulatory challenges with the federal government and the Central Bank of Nigeria (CBN) regarding foreign exchange regulations. Customers have been given until March 8, 2024, to withdraw their funds, following the halt of naira deposits starting…
LAGOS MARCH 1ST (NEWSRANGERS)-The Nigerian government is demanding at least $10 billion as retribution from Binance amid crackdown on the crypto exchange platform in desperate moves to salvage the value of the nation’s local currency. Bayo Onanuga, special adviser on information and strategy to President Bola Tinubu, made this known Friday morning in an interview…
LAGOS FEBRUARY 28TH (NEWSRANGERS)-Governor of the Central Bank of Nigeria, Olayemi Cardoso, has disclosed that more than $26bn was channelled through a cryptocurrency platform, Binance, in the last one year. Cardoso disclosed this on Tuesday at a press briefing after the 293rd meeting of the Monetary Policy Committee in Abuja. The Binance exchange is a…
LAGOS FEBRUARY 7TH (NEWSRANGERS)-Finance has temporarily suspended deposits in Nigerian naira – the country’s local fiat currency – in response to a Friday letter from Nigeria’s central bank (CBN) instructing local banks to identify and close all accounts tied to cryptocurrency platforms or operations. The CBN letter told local banking institutions that dealing in cryptocurrencies…