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More facts have emerged on why the Central Bank of Nigeria (CBN) decided to ban cryptocurrency trading in the country. The apex bank prohibited dealing in...
The Central Bank has ordered banks and other financial institutions to identify persons and entities operating cryptocurrency exchanges and close all such accounts. It stated that...
President Muhammadu Buhari has, again, directed the Central Bank of Nigeria (CBN) not to release from the country’s reserves for the importation of food items. He...
The Central Bank of Nigeria has revoked the operating licences of 42 microfinance banks in the country. The Nigeria Deposit Insurance Corporation disclosed this on Friday...
The Central Bank of Nigeria (CBN) has instructed deposit money banks (DMBs) to close all naira accounts of international money transfer operators (IMTOs). The directive was...
The House of Representatives has urged the Federal Government, especially its financial institutions to create more interest-free banking opportunities for Nigerians. The House specifically urged the...
In pursuit of economic recovery and implementation of the Economic Sustainability Plan (ESP), the federal government has announced the installation of N140 billion solar systems in...
The Central Bank of Nigeria (CBN) has directed bureau de change operators in the country not to sell dollars higher than N392 to end-users. In a...
The naira tumbled to 620 against the British pound sterling at the parallel market on Thursday, even as the euro rose to N565. The naira fell...
The period of brooding over the devastation suffered by Lagos State in the violence that trailed the hijack of the #EndSARS protests is now past. The...
