In a recent interview with journalists in Abuja, Mr Okechukwu Unegbu, a financial expert and former president of the Chartered Institute of Bankers of Nigeria (CIBN), commended the Central Bank of Nigeria (CBN) for lifting the restrictions on cryptocurrency transactions.…
A Nigerian, Moses Upkonahusi has been convicted of $5,576 cryptocurrency fraud perpetrated in Abuja. The Economic and Financial Crimes Commission, EFCC, arraigned him before Justice Mohammed Zubair of the FCT High Court in Jikwoyi. The one-count charge of cheating by…
An Ikeja Special Offences Court on Wednesday sentenced a cryptocurrency trader, Shola Henry, to two years imprisonment for stealing N18.4 million. Delivering a ruling, Justice Oluwatoyin Taiwo gave the defendant an option of fine in the sum of N2 million…
By Kayode Tokede As part of its Corporate Social Responsibility (CSR) activities, FTX Derivates Cryptocurrency Exchange, a global leader in the crypto space organised an educational seminar in the city of Enugu for crypto enthusiasts and newbies. Recently, the brand…
By Kayode Tokede Following the sudden rise in value and acceptability of Cryptocurrencies and the search by investors for alternative places to put their money, 60 per cent of Central Banks across the globe are under pressure to issue sovereign…
Some stakeholders in the cryptocurrency market on Monday appealed to the Federal Government to lift the ban on its transactions. The stakeholders advised the government to rather initiate regulations and guidelines that would protect consumers’ investments in the market. The…
The Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) have agreed to collaborate and conduct research with a view to finding ways of regulating the Cryptocurrency market. They said this at a virtual lecture organised by…
By Kayode Tokede …as Senate invites Emefiele, Yuguda, over Cryptocurrency ban Investigations have revealed that Nigerians linked with cryptocurrency trading have allegedly had their bank accounts closed by their respective banks. This is in lieu of Nigeria’s apex bank directive…
By Ogaga Ariemu The Central Bank of Nigeria’s (CBN), recent restrictions on cryptocurrency has sparked several debates amongst Nigerians with vary viewpoints, however the Apex bank’s action has become a major blow to Nigeria’s Digital Economy. This is so because…
By Joshua Elekwachi, Abuja Mixed reactions have continued to trail Central Bank of Nigeria’s (CBN) directive to all banks and other financial institutions to close accounts of persons or entities involved in cryptocurrency transactions within their systems. In January 2017,…
