CBN Reverses Crypto Currency Ban
The Central Bank of Nigeria (CBN) has reversed its ban on crypto assets in the country. The reversal order was contained in a circular dated December 22, 2023, with reference…
Naira Crash: FG Stops Access to Crypto Firms
In an effort to combat what it perceives as ongoing manipulation of the forex market and illicit fund movements, the Nigerian government has decided to stop the online platforms of…
Binance Exit: Reps To Investigate Cryptocurrency, Others
The House of Representatives has decided to launch an investigation into various aspects of the digital landscape, including cryptocurrency. According to it, the investigation aims to assess the current state…
Binance Accuses Nigerian Officials of $150m Bribe Demand
Cryptocurrency company Binance has alleged that Nigerian government officials demanded a $150 million bribe in cryptocurrency to resolve criminal charges against the company. The accusation was made by Binance Chief…
FG Plans New Taxes, Regulation for Cryptocurrency by September
The Federal Government has announced plans to introduce new tax laws by September, which will include regulations for the cryptocurrency industry. The Executive Chairman of the Federal Inland Revenue…
Cryptocurrency Investment Mistakes to Avoid in 2021
Cryptocurrency has gained worldwide recognition in the finance sector, especially in the past year despite the many uncertainties that came with 2020. The tremendous growth the crypto industry saw in…
Breaking: Nigeria Bans Cryptocurrencies, Orders Banks to Close Accounts of Traders
The Central Bank of Nigeria (CBN) has ordered banks and other financial institutions to close customer accounts used in trading cryptocurrencies and other related transactions. In a circular making the…
Investing in Cows Better Than Cryptocurrency – Adamu Garba
A former presidential aspirant of Nigeria, Adamu Garba, has asserted that investing in cows is way better than any form of cryptocurrency business. Garba stated this on Saturday in reaction…
CBN Explains What Cryptocurrency Ban Means For Nigerians, Banks
The Central Bank of Nigeria has explained the reason behind the recent embargo on cryptocurrency trading in the country, as well as those affected by it. This is even as…
Cryptocurrency: Godwin Emefiele Honours Senate’s Invitation
The CBN Governor, Godwin Emefiele has arrived at the National Assembly to honour the invitation by the Senate Joint Committee on Banking Insurance and other financial institutions, to brief on…