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The House of Representatives has denied demanding a bribe from a popular cryptocurrency platform, Binance. On February 28, the federal government detained two top executives of Binance as part of a probe bordering on illegal operations in the country and foreign exchange rate manipulations. The detained executives included Nadeem Anjarwalla, a 37-year-old British-Kenyan and Binance’s […]
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Nigerians have condemned the Federal Government and the Central Bank of Nigeria (CBN) for sanctioning Aboki Fx, Binance and other cryptocurrency operators. The criticism which caused Aboki FX to trend on Twitter for hours on Thursday, as Nigerians decried the clampdown on Binance. The outcry follows the decision of federal agencies to detain two senior […]
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A man has sparked mixed reactions online after apologizing to his girlfriend with a cash gift of N6M and cryptocurrency worth about N4.8M. A video making the rounds on social media captured a romantically planned apology by a vendor on behalf of a client. The lady in question walked into a room filled with rose […]
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The Central Bank of Nigeria (CBN) has lifted the embargo slammed on cryptocurrency assets in the country and asked banks to ignore its earlier pronouncement banning crypto transactions. crypto policy reversal was announced in a circular dated Friday, December 22, 2023, with reference number FPR/DIR/PUB/CIR/002/003 and signed by the Director, Financial Policy and Regulation Department, […]
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Adamu Garba, former Presidential candidate of the All Progressives Congress (APC), has advised Nigerians to forget about investing in cryptocurrencies but rather direct their resources to investing in cows. The unrelenting controversial politician said this on Friday in reaction to order from the Central Bank of Nigeria that all cryptocurrency accounts be shut down. The […]
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The Central Bank of Nigeria (CBN) has ordered banks and all financial institutions in the country to close every account of cryptocurrency traders. The apex bank in a statement, directed Deposit Money Banks (DMBs) and Other Financial Institutions (OFIs) and Non-Bank Financial Institutions (NBFIs) and local financial institutions to stop any transactions in crypto or […]
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