News with the tag "Nigeria"

Nigeria government has reaffirmed its openness to crypto businesses, despite its ongoing legal battle with Binance and the controversial detention of the exchange’s executive, Tigran Gambaryan . The statement from Nigeria’s Information Minister, Mohammed Idris, highlights the country’s commitment to...

Nigeria, a nation renowned for its vibrant embrace of digital currencies, is sending intriguing signals to the global crypto community. Even amidst a significant $81.5 billion legal face-off with crypto giant Binance, the Nigerian government is keen to project an image of openness to crypto business...

Coinbase has partnered with Onboard Global to offer Nigerian users secure and efficient cryptocurrency trading. Shielding Coinbase from Regulatory Risk Coinbase and Onboard Global have partnered to provide secure and efficient cryptocurrency trading for Nigerian users. The collaboration enables the ...

Hold onto your hats, crypto enthusiasts! The digital currency world is buzzing with news from Nigeria, where the government is demanding a jaw-dropping $81 billion penalty from Binance. Yes, you read that right – $81 billion ! This massive fine is for alleged tax violations and operating without pro...

Nigeria's Federal Inland Revenue Service (FIRS) is suing Binance for $79.5 billion in economic losses as well as $2 billion plus interest in back taxes, the exchange said in its blog. This is a leap from the initial $10 billion figure that Nigeria's government sought after alleging that the exchange...

Nigeria’s governance of digital assets has progressed with the enactment of its taxation policy on digital currency transactions, as reported. The government’s aim is to improve revenue collection and incorporate digital assets into its fiscal system by levying a 10% tax on capital gains from crypto...

The Federal Government of Nigeria has filed a lawsuit against Binance Holdings Limited, demanding $81.5 billion in back taxes and economic damages. The case, brought before the Federal High Court in Abuja, accuses the cryptocurrency exchange of failing to register with Nigeria’s tax authorities and ...

The Federal Inland Revenue Service (FIRS) of Nigeria has filed suit against Binance, a leading cryptocurrency exchange, concerning alleged economic losses and tax evasion. The Nigerian government claims $79.5 billion for economic loss and $2 billion for income tax evasion in 2022 and 2023 for a tota...

Nigeria has sued Binance for $81.5 billion for running an unlicensed operation and tax evasion. Nigeria Demands Binance Pay for Economic Harm The Nigerian government has reportedly filed a lawsuit against Binance, seeking $79.5 billion in compensation for “economic losses” and $2 billion in back tax...

Nigeria’s federal government has launched another lawsuit against Binance amid an ongoing legal battle over alleged illegal operations and unpaid taxes. Nigerian authorities have asked a court to approve a whopping $79.5 billion penalty against crypto exchange Binance and compel the company to pay $...