Cryptocurrency players tackle CBN ban on Twitter

Some cryptocurrency players have taken to their Twitter accounts to express their reaction over the Central Bank of Nigeria’s order to shut down cryptocurrency operations. The Central Bank on Friday…

Buhari Silently Appoints His Nephew Tunde Sabiu As NIA Director

Nigeria’s President Muhmmadu Buhari has been accused of using his relatives to fill top government positions after quietly appointing his nephew as an assistant director at the National Intelligence Agency (NIA). …

Amid CBN Ban, Bitcoin Hits Record High Above $43,000

Bitoin has appreciated in value by trading at a record $43,000 on Monday.  The latest rise happened after electric carmaker Tesla invested $1.5 billion in the digital currency.  Bitcoin hit…

Cryptocurrencies breed illegal activities, raise risks – CBN

The Central Bank of Nigeria has said cryptocurrencies promote illegal activities and raise risks, among other reasons. It said this on Sunday in a statement regarding various comments and reactions…

Petrol price may hit N190 as oil nears $60

Marketers have said with the current realities in the global crude oil markets, the price of Premium Motor Spirit (petrol) in Nigeria should be between N185 and N200 per litre,…

Lagos govt promises to complete Ikorodu road projects

The Lagos State Government has reiterated its commitment to ensure the delivery of ongoing rehabilitation and reconstruction work of Ijede-Ewu Elepe, Oba Sekunmade and other roads in Ikorodu as promised.…

What The New CBN Directive Means For Crypto Trading In Nigeria

There is no denying the fact that the new directive by the Central Bank of Nigeria (CBN) directing financial institutions to close accounts of crypto traders may have come to…

Pandemonium As Gunmen Attack Imo Police Headquarters, Kill Two Cops, Injure Others

The Obowo Divisional Police Headquarters, located at Umulowe autonomous community area of Imo State was on Friday attacked by gunmen. Two policemen who were on duty were killed in the…

Five Things You Didn’t Know About Bitcoin, Other Cryptocurrencies

Nigeria is the latest country to ban cryptocurrency trading as announced on Friday by the Central Bank of Nigeria. The CBN ordered banks and financial institutions to block bank accounts…

Nigeria’s foreign capital inflow drops to $9.68bn, hit four-year low

Foreign capital flow into Nigeria plummeted by more than half in 2020 to $9.68bn, its lowest level in four years, the National Bureau of Statistics said on Friday. The NBS,…