Binance Slammed With $81.5bn Lawsuit Over Alleged Tax Evasion, Economic Losses
The Federal Government has filed a fresh lawsuit against cryptocurrency platform Binance The Federal Government seeks $81.5 billion in penalties for alleged economic losses The Federal Government has filed a…
BREAKING: FG Bans Binance Operations
Nigerian government bans Binance The Federal Government of Nigeria has imposed a ban on the operations of Binance Nigeria Limited. Daily Report Nigeria reports that the ban on Binance operations…
BREAKING: Binance Nigeria Limited a Scam Entity – Binance CEO
The Chief Executive Officer of Binance, Changpeng Zhao, has declared Binance Nigeria Limited a scam entity. In a statement issued via Twitter on Sunday, June 18, the Binance CEO declared…
BREAKING: FG Detains Binance Executives
Two Binance crypto exchange platform executives have been taken into custody by the Nigerian government. The Binance executives, whose names have not been disclosed, were apprehended by the…
Why Binance Must be Stopped – Presidency
Bayo Onanuga, the spokesperson for the president, On Wednesday, February 28, warned that Binance, a website that deals in cryptocurrency, could ruin the Nigerian economy if left unchecked. He…
BREAKING: FG Fines Binance $10bn over Naira Fall
The cryptocurrency trading platform Binance has come under fire, with the Federal Government imposing a hefty $10 billion fine. The allegations revolve around Binance's purported role in exacerbating Nigeria's forex…
BREAKING: Binance Leaves Nigeria, Ends Naira Exchange
Cryptocurrency exchange platform, Binance has announced plans to leave Nigeria. Daily Report Nigeria reports that the exchange intermediary will also end operations in Naira. The decision is sequel to an…
Naira Fall: Nigeria Asks Binance to Disclose Top 100 Users
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…
Court Orders Binance to Release Data of Nigerian Users
A Federal High Court in Abuja has ordered Binance Holdings Limited to provide the Economic and Financial Crimes Commission with detailed data on all Nigerian traders using its platform. The…
BREAKING: Detained Binance Executive Escapes
Nadeem Anjarwalla, a detained Binance executive, who is currently facing tax evasion charges, has reportedly escaped from Nigerian custody. The 38-year-old Anjarwalla vanished on Friday, March 22. He was allegedly…