Some financial experts on Wednesday in Ibadan, Oyo State, lauded the ban placed on Cryptocurrencies in Nigeria by the Central Bank of Nigeria (CBN). They told the News Agency of Nigeria (NAN) that the move was necessary considering nefarious activities that could be carried out under the guise of secrecy that shrouds cryptocurrencies. Mr Tunji […]

The Federal High Court, Abuja, on Wednesday, ordered the Central Bank of Nigeria (CBN) to unfreeze the bank accounts of the 20 #EndSARS promoters. Justice Ahmed Mohammed gave the ruling following the agreement reached by parties in the suit to amicably resolve the matter. Justice Mohammed, who commended counsel to the CBN, Michael Andoaka, SAN, […]

The Federal High Court sitting in Abeokuta, Ogun State capital, has dismissed a suit instituted by a legal practitioner, Olumide Babalola, challenging the Central Bank of Nigeria, CBN’s policy on current account maintenance fee contained in the Guide to the Charges by Banks and other financial Institutions of January 2020.

By Babajide Komolafe The Central Bank of Nigeria (CBN) yesterday said its decision to ban the use of cryptocurrencies in the country is to protect Nigerians and the nation’s financial system from the illegal nature of such currencies and the inherent risks associated with them. Recall that on Friday, the CBN ordered banks to close […]

Experts in the financial sector of the economy have rolled out implications of the Central Bank of Nigeria’s, CBN directives on cryptocurrency.