Nigeria seeks $81.5 billion in economic losses, back tax from Binance

Quick Summary:

ABUJA : Nigeria has filed a lawsuit against cryptocurrency exchange Binance, seeking to compel the company to pay $79.5 billion for economic losses caused by its operations in the country and $2 billion for two years of back taxes, court documents seen by Reuters showed on Wednesday.

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FILE PHOTO: Smartphone with displayed Binance logo and representation of cryptocurrencies are placed on a keyboard in this illustration taken, June 8, 2023.

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Article Details

Category: EconomyBusiness

Markets: SingaporeNigerNigeria

Topics: Mediacorp Billion Nigeria Facing Currency Cryptocurrency Company Experience Exchange Binance Seeks

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-19 @ 20:26:28 (2 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 230 words

Reading Time: 2 minutes read

Sentences: 18 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 26272850

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 48 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 1 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #27

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