The Central Bank of Nigeria has ordered banks and other financial institutions to close customer accounts used in trading cryptocurrencies and other related transactions to stop forthwith.
In a circular seen on Friday afternoon, the Nigerian bank regulator ordered deposit money banks, non-bank financial institutions and other financial institutions to “identify persons and/or entities transacting in or operating cryptocurrency exchanges within their systems and ensure that such accounts are closed immediately. “
The CBN has been long taken a hardline position against cryptocurrencies, which have become a major unit of commerce across the world in recent years.
Guinea's junta leader, Mamady Doumbouya, has elevated himself to the rank of army general as…
The media team of President Bola Ahmed Tinubu has unveiled the administration's scorecard for October,…
The United Nations (U.N.) has projected that an additional 7 million Nigerians will face hunger…
As Nigerians express their frustrations over the recent fuel price hikes by the Nigerian National…
The Transmission Company of Nigeria (TCN) has announced the full restoration of electricity supply to…
The Naira experienced an appreciation on Friday at the official market, with a trading rate…