Cryptocurrency: CBN ban makes Nigeria unprepared for future, says Ezekwesili

Former Minister of Education, Oby Ezekwesili has faulted the ban on cryptocurrency trading placed by the Central Bank of Nigeria. The CBN gave the order as seen in a statement…

Biden to attend next African Union summit

President Joe Biden on Friday promised partnership with Africa and said he hoped to attend the next African Union summit, an about-face in US interest in a continent largely ignored by…

Join me to develop Imo North, APC candidate urges Araraume

The All Progressives Congress candidate for the December 5, 2020 Imo North bye-election, Frank Ibezim, as affirmed by the Supreme Court, has called on his main challenger for the ticket,…

African leaders to tackle Covid, conflict at virtual summit

African leaders will open a two-day virtual summit Saturday to discuss the continent’s Covid-19 response as well as security issues that have been overlooked during the pandemic. The African Union…

WTO: Okonjo-Iweala excited by US support, thanks Buhari

Former Nigerian Finance Minister, Dr Ngozi Okonjo-Iweala, has expressed her excitement over the backing she got from the United States to lead World Trade Organisation Okonjo-Iweala made this known via…

Atiku faults CBN shutdown of cryptocurrency transactions

Former Vice President Atiku Abubakar, has faulted the decision of the Central Bank of Nigeria to shutdown cryptocurrency operations. The former Vice President noted that with Nigeria’s economic crisis, the…

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,…

FG targets N189.5bn from marginal oilfield bid round

The Federal Government is expecting to generate at least $500m in revenue (N189.5bn) from the ongoing marginal field bid round, the Department of Petroleum Resources has said. The DPR also…

Cryptocurrency: Withdraw your naira as early as possible —Binance

The founder and CEO of cryptocurrency exchange, Binance, Changpeng Zhao has reacted to the order by the Central Bank of Nigeria which prohibits commercial banks and all non-banking financial institutions…

Experts kick as CBN orders closure of crypto accounts

The Central Bank has ordered banks and other financial institutions to identify persons and entities operating crypto currency exchanges and close all such accounts. This drew the ire of experts…