EFCC presses criminal charges against Binance Executive Gambaryan

Earlier the Economic and Financial Crimes Commission (EFCC) persisted with its allegations of money laundering against Tigran Gambaryan, an executive linked to Binance Holdings Ltd. The proceedings unfolded at a Federal High Court in Abuja. The Federal Inland Revenue Service (FIRS) had withdrawn a tax evasion charge against Gambaryan and the cryptocurrency exchange platform. Despite…

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Nigeria’s foreign reserves rise to $33.16 bln as financial inflows bolster economic stability

Nigeria’s foreign reserves have experienced a notable increase, rising by 2.19% month-on-month, fueled by substantial dollar inflows from international financial institutions. According to data from the Central Bank of Nigeria (CBN), the country’s external reserves grew to $33.159 billion as of June 11, 2024, up from $32.447 billion recorded on May 10, 2024. A key…

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