Nigeria’s apex monetary authority, the Central Bank of Nigeria (CBN) has fined First City Monument Bank (FCMB), Fidelity Bank Plc and Wema Bank a whopping N514 million
The Central Bank of Nigeria has ordered all Nigerian commercial banks to freeze the accounts of certain individuals for purportedly trading in cryptocurrency. This is contained in
Cryptocurrencies are booming like anything these days. And so most of the investors are planning to invest in them. But most of the investors do not know
By Chioma Obinagwam Ahead of the anticipated launch of Nigeria’s Central Bank Digital Currency (CBDC), known as eNaira, the Spokesman of the Central bank of Nigeria (CBN),
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 that all debit transactions,
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 Reuters on Sunday. Britain
The Central Bank of Nigeria (CBN) has launched an investigation into financial institutions offering services to cryptocurrency traders, TheCable understands. On Monday, the bank sent out examiners
Following the issuance of a circular by the Central Bank of Nigeria (CBN) on Friday, February 5, 2021, reiterating an earlier directive prohibiting commercial banks and other
By Chioma Obinagwam Nigeria’s apex bank- the Central Bank of Nigeria (CBN) has directed banks in the country to stop dealing in cryptocurrencies. This was disclosed in
As Nigerian Financial Technology (FinTech) firms continue to broaden their activities in the Nigerian financial services industry, the Central Bank of Nigeria said it is putting measures