In Nigeria, an American man is caught up in a dispute between the government and the crypto currency exchange Binance. Some lawmakers say that Nigeria is effectively holding him hostage.

Nigeria is actively seeking information from Binance regarding its top 100 users in the country and all transaction history spanning the past six months, according to a Financial Times report.

ABUJA, May 17 (Reuters) - A Nigerian court on Friday ruled that Binance executive Tigran Gambaryan can stand trial on behalf of the cryptocurrency exchange in an ongoing tax evasion case.

Nigeria launched a legal battle against the world’s largest cryptocurrency exchange Binance (CRYPTO: BNB) on Wednesday, demanding $81.5 billion in compensation for purported economic damages and ...

Nigerian authorities view Binance as undermining efforts to stabilize the national currency amid economic challenges. President Bola Tinubu's reforms and currency devaluation have led to a near ...

Binance will discontinue its naira (NGN) services in response to heightened regulatory scrutiny in Nigeria, it said in a blog post today. The cryptocurrency exchange will begin delisting any ...

Binance Nigeria Ordered to Halt 'Illegal' Operations by Securities Watchdog A spokesperson for Binance, which faces U.S. SEC allegations that include operating an unregistered exchange, said the ...

Tigran Gambaryan, a Binance executive detained in Nigeria since February, may not be eligible to post bail until October after another deferment in his case. According to a statement shared by a ...

Whether Binance has contributed to Nigeria’s worsening economic picture is certainly up for debate, though, to the extent that authorities in the country are detaining mid-level executives, ...

Nigerian authorities on Wednesday denied allegations from Binance's CEO of soliciting bribes, saying the claim was a "diversionary tactic" and an "act of blackmail" aimed at undermining ongoing ...

Nigerian officials have called for a $10 billion penalty against Binance BNB/USD, alleging that the platform caused substantial financial losses within the country by manipulating exchange rates.

Nigeria’s problem with Binance, and Gambaryan by extension, stems from the economic crisis it’s experiencing, due in part to massive inflation that has devalued its native currency, the naira.