Weekly update
Weekly Newsletter
Excepteur sint occaecat cupidatat non proident
Cryptocurrency
Ripple’s pursuit of U.S. Banking License: Implications for Crypto, Finance
•Ripple seeks direct access to Federal Reserve payment systems. •Validates blockchain as critical financial infrastructure, encouraging firms like Circle to pursue similar charters....
Cryptocurrency: CBN fines 3 Nigerian banks N514m
Nigeria’s apex monetary authority, the Central Bank of Nigeria (CBN) has fined First City Monument Bank (FCMB), Fidelity Bank Plc and Wema Bank...
Again, CBN sanctions individuals trading in cryptocurrency
The Central Bank of Nigeria has ordered all Nigerian commercial banks to freeze the accounts of certain individuals for purportedly trading in cryptocurrency....
10 cryptocurrency secrets you may not know
Cryptocurrencies are booming like anything these days. And so most of the investors are planning to invest in them. But most of the...
Why CBN deferred launch of eNaira
By Chioma Obinagwam Ahead of the anticipated launch of Nigeria’s Central Bank Digital Currency (CBDC), known as eNaira, the Spokesman of the Central...
Forex infractions: CBN places post-no-debit on bank accounts of alleged erring companies
The Central Bank of Nigeria (CBN) has directed banks to place a post-no-debit on the bank accounts of 18 companies. A post-no-debit means...
Britain bans Binance, cryptocurrency operator from operating country
Binance, one of the world’s largest cryptocurrency exchanges, has been banned by Britain’s financial regulator, Financial Conduct Authority (FCA). Confiance News gathered from...
CBN launches investigation on banks involved in Cryptocurrency
The Central Bank of Nigeria (CBN) has launched an investigation into financial institutions offering services to cryptocurrency traders, TheCable understands. On Monday, the...
Explainer: CBN didn’t ban use of cryptocurrencies in Nigeria
Following the issuance of a circular by the Central Bank of Nigeria (CBN) on Friday, February 5, 2021, reiterating an earlier directive prohibiting...
Don't Miss
Preventing financial crimes amid mounting insecurity: Why following the money is now a survival imperative
By Blaise UdunzeNigeria today faces a sobering dual reality: a deepening security crisis and an entrenched financial-crime ecosystem that quietly feeds, sustains, and...
Nigeria’s Oil, Gas Free Zones attract $24bn in investments as operators plead for 10-year tax holiday
By Chioma Obinagwam Nigeria’s oil and gas free zones have pulled in a staggering $24 billion in investments, creating hundreds of thousands of...