Cryptocurrency ban

Vice President Yemi Osinbajo has said that the country needs to regulate cryptocurrency, instead of the prohibition put in place by the Central Bank of Nigeria (CBN). Cryptocurrencies in the coming years will challenge traditional…

An Economist and Financial Analyst, Tope Fasua said that with cryptocurrency becoming more widely accepted and with the search by investors for alternative places to put their money, Central Banks across the globe are under pressure to…

The International Monetary Fund (IMF) has expressed its support for the recent directive of the Central Bank of Nigeria (CBN) to financial institutions to ban transactions with cryptocurrency. The IMF Resident Representative for Nigeria,…

The Securities and Exchange Commission (SEC) has disclosed that there is no policy conflict between the capital market apex regulator and the Central Bank of Nigeria (CBN) over the ban placed on Cryptocurrency transactions in the banking…

On Monday, Bitcoin jumped to $44,000 after the electric car maker, Tesla, revealed it bought $1.5 billion worth of bitcoins as investment initiative and all this occurred despite the cryptocurrency ban currently trending in the Nigerian…