Nigerian authorities seeking a $79.5B penalty against Binance
Nigeria’s federal government has sued Binance for a $79.5B penalty. The government demands $2B in back taxes for 2022-2023. Binance is accused of tax evasion and operating without a license.…
Nigerian government drops money laundering charges against Binance executive
Tigran Gambaryan and Binance have been accused of laundering more than $35 million Nadeem Anjarwalla, a colleague of Gambaryan, was also detained, but managed to escape on a Middle Eastern…
Nigerian Kucoin users to pay 7.5% VAT on all transactions
Starting Monday, July 8th, Kucoin will charge a 7.5% tax on all transactions made by users registered in Nigeria. This decision comes from a regulatory update from the Nigerian SEC.…
Nigerian superstar DAVIDO meme coin rug pull fears sparks controversy
Davido’s $DAVIDO token launch triggers pump-and-dump suspicions. Critics cite past involvement in promoting questionable crypto projects. Debate intensifies over the impact of celebrity-backed meme coins. Nigerian superstar Davido finds himself…
Nigerian BICCoN calls for crypto exchanges round table with SEC chief amid crackdown
Recently, crypto exchanges like Binance have found themselves under serious scrutiny in Nigeria The BICCoN-led initiative for a meeting between the SEC chief and crypto exchanges reflects a commitment to…