Key Takeaways Binance's decision to exit Nigeria is complicated by the detention of two senior executives, Tigran Gambaryan and Nadeem Anjarwalla, in Abuja, raising significant diplomatic and regulatory concerns. The executives were detained following a meeting with Nigerian officials to discuss the government's concerns over Binance's operations, highlighting the challenges of international cryptocurrency regulation. Despite efforts by the U.S. and U.K. governments to intervene, Nigerian authorities have yet to disclose the reasons for the detention, leaving the resolution of this incident under close observation by the global crypto community.