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Former presidential candidate, Kingsley Moghalu, has said that within the last five years, $500 million worth of Bitcoin has been traded in Nigeria. The former Head of Directorate of the Central Bank of Nigeria, (a unit which he says is in charge of the financial systems), revealed these figures while […]
The Central Bank of Nigeria (CBN) has said it will continue to do all within its regulatory powers to educate Nigerians to desist from use of cryptocurrencies amid growing criticism. The bank made this known in a statement signed by its acting director of corporate communications Osita Nwanisobi, on Sunday […]
The Central Bank of Nigeria (CBN) has ordered banks to close accounts of persons or entities involved in cryptocurrency transactions within their systems. This was disclosed in a circular released to deposit money banks (DMBs), non-bank financial institutions (NBFIs), and other financial institutions (OFIs) on Friday. In January 2017, CBN […]
