TikTok Removes 1.7 Million Videos Posted by Nigerian Users in Q4 2023
Posted in News2 mn read ByteDance’s popular short video platform, TikTok, has announced the removal of 1.7 million videos uploaded by Nigerian users during the fourth quarter of 2023. The move comes as part of the platform’s ongoing efforts to enforce its Community Guidelines and maintain a safe and authentic environment for its users. According to TikTok’s Community Guidelines Enforcement […]
Binance Executive Pleads Not Guilty, Remanded in Kuje Prison
Posted in News2 mn read Tigran Gambaryan, an executive of Binance Holdings Limited, has been remanded in the Kuje Correctional Centre by the Federal High Court in Abuja (Few weeks ago he sued Nigeria’s National Security Adviser (NSA)), pending the determination of his bail application. The court’s decision came after Gambaryan pleaded not guilty to money laundering charges brought against […]
Private Equity Firm Adenia Partners Closes Oversubscribed $470M Fund for African Investments
Posted in News2 mn read Adenia Partners, a leading private equity firm focused on growth opportunities in Africa, announced the successful close of its fifth flagship fund, Adenia Capital V (AC(V)), at its hard cap of $470 million. The significantly oversubscribed fund attracted commitments from a diverse range of global investors. AC(V) will continue Adenia’s proven investment strategy of making […]
Nigeria Blocks Access to Crypto Exchanges Amid Currency Crisis
Posted in News2 mn read In a bid to stabilize its faltering currency, Nigerian authorities have taken an unprecedented step by blocking access to some of the world’s largest cryptocurrency exchanges, including Binance, Coinbase, and Kraken. The move, ordered by the Nigerian Communications Commission (NCC) late on Wednesday, came as the government grapples with a spiraling currency crisis that has […]
Binance Executive Detained in Nigeria Sues Security Agencies Over Human Rights Violation
Posted in News2 mn read A top executive of the global cryptocurrency exchange Binance has filed a lawsuit against Nigeria’s National Security Adviser (NSA) and the Economic and Financial Crimes Commission (EFCC), accusing them of violating his fundamental human rights by detaining him unlawfully. Tigran Gambaryan, who serves as Binance’s regional manager, alleges that the seizure of his travel documents […]