Weekly Newsletter
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Cryptocurrency
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...
Nigeria’s apex bank prohibits banks from facilitating cryptocurrencies payments
By Chioma Obinagwam Nigeria’s apex bank- the Central Bank of Nigeria (CBN) has directed banks in the country to stop dealing in cryptocurrencies....
Don't Miss
Again Ikeja Electric customers experience frustration in recharging energy tokens
By Chioma Obinagwam Customers of Ikeja Electric Distribution Company (DisCo) have been thrown into darkness because they cannot buy tokens and some of...
In four photos, NCC reacts to Executive Order on Critical National Information Infrastructure
By Chioma Obinagwam The infrastructure of the Nigerian Communications Commission (NCC) has now been classified as Critical National Information Infrastructure (CNII). Confiance News...