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BusinessNews

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....

BusinessNews

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...

BusinessNews

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....

BusinessNews

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...

BusinessNews

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...

BusinessNews

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...

BusinessNews

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...

BusinessNews

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...

BusinessNews

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...

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