By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Daily Report NigeriaDaily Report NigeriaDaily Report Nigeria
Notification Show More
Font ResizerAa
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Reading: Naira Fall: Nigeria Asks Binance to Disclose Top 100 Users
Share
Font ResizerAa
Daily Report NigeriaDaily Report Nigeria
  • METRO
  • NEWS
  • POLITICS
  • SPECIAL REPORT
  • FACT FILE
Search
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Have an existing account? Sign In
Follow US

Home | Naira Fall: Nigeria Asks Binance to Disclose Top 100 Users

Business

Naira Fall: Nigeria Asks Binance to Disclose Top 100 Users

Tapre Timine
Tapre Timine
Published: June 12, 2025
Last updated: June 12, 2025
2 Min Read
Share
BREAKING: Binance Leaves Nigeria, Ends Naira Exchange
SHARE

Nigeria is currently seeking information from Binance, a cryptocurrency exchange platform, about its top 100 users in the country.

The request also includes the transaction history of these users over the last six months.

The development news comes as two executives from the company, Tigran Gambaryan, and Nadeem Anjarwalla, were detained by the Nigerian government two weeks ago.

READ ALSO:Why Binance Must be Stopped – Presidency

Gambaryan is the head of investigations at Binance, while Anjarwalla is the platform’s regional manager for Africa.

ATTENTION: Click “HERE” to join our WhatsApp group and receive News updates directly on your WhatsApp!

The executives were invited by the Nigerian government to discuss Binance operations and the restrictions imposed on the cryptocurrency exchange.

However, their passports were confiscated, and they have been held in confinement at a government facility in Nigeria’s capital, Abuja.

The government’s crackdown on cryptocurrency exchanges is part of its efforts to revive the naira, the country’s national currency.

The Nigerian government lamented the loss of tax revenue from unregistered crypto exchanges, accusing Binance of operating illegally and facilitating “illicit flows from sources and users who we cannot adequately identify” amounting to $26 billion.

As a result, the detained executives may face charges related to currency manipulation, tax evasion, and illegal operations.

However, as of today, none of the executives have been formally charged with any criminal offenses, according to their families.

Nigeria’s anti-corruption agency was granted permission to detain both Binance executives for 14 days, which concluded on Tuesday.

A proposed hearing to extend the court order was scheduled for Wednesday.

In response to the regulatory scrutiny and contentious negotiation tactics in Nigeria, Binance discontinued its naira (NGN) services last week.

Nigeria’s request for Binance’s top users in the country is the new focus of negotiations between the largest crypto platform and Africa’s top crypto market.

 

 

For publication of Press Releases, Statements, and Advert Inquiries, send an email to info@dailyreport.ng
TAGGED:BinanceTop Stories
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest Updates

Multichoice Slashes DStv Decoder Price, Offers Free Upgrade to Regain Lost Subscribers | Daily Report Nigeria
Multichoice Slashes DStv Decoder Price, Offers Free Upgrade to Regain Lost Subscribers
News
FIFA Club World Cup: Ten Clubs Seal Knockout Spots
FIFA Club World Cup: Ten Clubs Seal Knockout Spots
Sports
Tinubu Files Fresh Certificate Forgery Counter Suit Against Atiku
Atiku Slams Tinubu Over Classmate Claim, Demands Proof of President’s True Identity
Politics
Super Eagles Captain Troost-Ekong Raises N47 million for Charity | Daily Report Nigeria
Super Eagles Captain Troost-Ekong Raises N47 million for Charity
Sports
INEC Announces Date For Conclusion of BVAS Reconfiguration
ADA in Trouble: INEC Says Party Fails Legal Steps for Registration
Politics

TOPIC

2023 Elections Abuja Accident AFCON Anambra APC Arrest ASUU ASUU Strike Atiku Abubakar Bandits Bayelsa BBNaija Biafra Boko Haram Bola Ahmed Tinubu Bola Tinubu Breaking News Breaking News Nigeria Burna Boy Burutu CBN Celebrity news Chelsea Coronavirus court covid-19 Crime Daily Report Ng Daily Report Nigeria Daily Sports News Davido Delta Delta state DSS Education EFCC Elections English Premier League EPL Family federal government FG FIFA World Cup Football Fraud Godwin Emefiele Goodluck Jonathan Governor Nyesom Wike Gunmen Health Ifeanyi Okowa Imo INEC Insecurity IPOB IYC JAMB Kaduna Kidnap Labour Party Lagos Lagos State Manchester United Marriage Muhammadu buhari Music NASS NDDC NDLEA Niger Delta Nigeria NLC Nnamdi Kanu NNPC Nollywood Nyesom Wike Olusegun Obasanjo Pastor PDP Peter Obi Police Politicians President Bola Ahmed Tinubu President Muhammadu buhari Professor Yemi Osinbajo Protest Rape Reno Omokri Rivers State Senate Sheriff Oborevwori Social Media Suicide Super Eagles Tinubu Top Stories Twitter Victor Osimhen Zamfara

You Might Also Like

Presidency Denies Kukah’s Claim, Says Tinubu is Not an ‘Accidental’ Leader | Daily Report Nigeria
Politics

Presidency Denies Kukah’s Claim, Says Tinubu is Not an ‘Accidental’ Leader

June 13, 2025
BREAKING: Obiano’s Wife, Biance Ojukwu Fight Dirty At Soludo’s Inauguration | Daily Report Nigeria
News

BREAKING: Obiano’s Wife, Biance Ojukwu Fight Dirty At Soludo’s Inauguration

June 13, 2025
Boy Who Excelled in WAEC Drowns in Imo River | Daily Report Nigeria
Metro

Boy Who Excelled in WAEC Drowns in Imo River

April 9, 2025
INEC Announces Date For Conclusion of BVAS Reconfiguration
News

INEC Assures of Improved Election Logistics for Ondo Polls, Vows to Avoid Edo Mistakes

June 13, 2025
© Daily Media N Publishing LTD. All Rights Reserved.
  • Home
  • About Us
  • Adverts With Us
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?