The Central Bank of Nigeria has ordered the Deposit Money Banks to set up teller points at designated branches to provide forex to Nigerians. It said this in a circular to all banks titled, Re: Teller points at bank branches for … Continue reading CBN Orders Banks to Sell Forex to Customers
The Central Bank of Nigeria has said that it will launch the pilot scheme of its digital currency on October 1st, 2021. According to Nairametrics, the CBN with its stakeholders outlined its digital currency initiative via a private webinar held on … Continue reading CBN to Launch Digital Currency Oct 1
The Senate on Thursday, summoned the Governor of Central Bank of Nigeria, Godwin Emefiele, and Director General of the Security and Exchange Commission, Lamido Yuguda, over the decision of the CBN to ban the use of cryptocurrency in the country. … Continue reading Cryptocurrency: Senate Summons CBN Gov, DG SEC
A civil society organisation, the Digital Rights Lawyers Initiative, has dragged the Central Bank of Nigeria and Securities and Exchange Commission to court over the recent action of the apex bank that Deposit Money Banks should desist from transacting in … Continue reading Digital Rights Lawyers Sue CBN, SEC Over Cryptocurrency Prohibition
Following reactions trailing a recent Central Bank of Nigeria (CBN) directive to Deposit Money Banks (DMBs) to desist from cryptocurrencies transactions, the apex bank has clarified that the intention is to ensure accountability.null Making the clarification in a statement in … Continue reading Cryptocurrencies Unregulated, rone to Financial Crimes – CBN
The Federal Government was able to freeze the accounts of 20 #EndSARS campaigners after telling a Federal High Court in Abuja that the funds in their accounts might have been linked to terrorist activities. This is according to a written … Continue reading CBN Accuses #EndSARS Campaigners of Terrorism
