Latest Binance Nigeria News

Business 4 March 2024

Binance’s Nigerian operations under threat as gov’t summons CEO Richard Teng

The Nigerian government "may impose heavy fines on Binance" but gov't official Bayo Onanuga insisted he "never said Binance had been informed about the fines or that it would definitely be $10 billion."

Binance mobile app running on smartphone

Business 7 August 2023

Nigeria rings the alarm on Binance’s alleged illegal operation

Initially, the securities regulator issued a warning against Binance Nigeria, but in its latest notice, it warned against the global exchange, saying it’s operating illegally.

Business 20 June 2023

Binance issues cease and desist letter to ‘scam’ Nigerian entity

Binance Nigeria was ordered to halt operations for operating an unregistered exchange by the country’s securities regulator, but CZ now claims that the entity is a scam.