Weekly Newsletter
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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
Why Nigeria’s Banks Still on Shaky Ground with Big Profits, Weak Capital
By Blaise UdunzeDespite the fragile 2024 economy grappling with inflation, currency volatility, and weak growth, Nigeria’s banking industry was widely portrayed as successful...
Why 2026 could be your year of extraordinary breakthroughs
By Chioma ObinagwamYear 2026 will mark the end of ordinary living for those willing to embrace divine discipline and fervent pursuit of God.Confiance...