Tax Evasion Case Against Binance Executive Adjourned by Nigerian Court Until April 19
The Nigerian government also brought charges against Binance, including nonpayment of taxes, failure to file returns, and aiding website users in tax evasion.
Binance Urges Release of Detained Executive Amidst Nigerian Crypto Crackdown
Binance underscores Gambaryan’s prior cooperation with Nigerian law enforcement in combating fraudulent activities, disclosing his team's contributions amounting to $400,000 in assistance.
CBN Revokes Cellulant’s Mobile Money License, Leading to Exit from Sector
Cellulant had already been planning this shift since 2021. They obtained a new licence from the Central Bank called a Payment Solution Service Provider (PSSP) licence, which allows them to offer payment solutions to businesses.
Thepeer, Nigerian Fintech Startup, Shuts Down Operations
Another startup, Cova, did the same thing earlier this year. It shows that making fintech work in Africa is tough.
LemFi Partners with Visa for Global Expansion
LemFi, a Nigerian fintech startup, has teamed up with Visa's Cross-Border Solutions division to spread its wings into new markets like China, India, and Pakistan.
Nigeria’s SEC Proposes Major Changes Shaking Up Crypto Industry
This move is likely to impact both existing exchanges and potential newcomers, raising concerns about accessibility within the industry.
Zone, Nigerian Blockchain Startup, Raises $8.5 Million in Seed Funding
With the recent funding, Zone plans to expand its services domestically and pilot cross-border transactions in 2025.
Chipper Cash Slashes US and UK Jobs Following US Service Suspension
Some important people, including executives, were affected by this decision.
Binance Executives Detained by Nigerian Government Finally Identified
Despite efforts by US and UK representatives, the executives remain under guard without the opportunity for private conversations.
Interswitch and M-Kudi Merge for Banking License
With a PSB licence, Interswitch, which made $42 million last year, can deal in foreign money and offer banking services directly.