Court Orders CBN To Freeze Account Of Polaris Bank.
On Thursday, a high court sitting in Akure, the Ondo state capital, granted a garnishee order directing the Central Bank of Nigeria(CBN) to freeze the account of Polaris Bank over a judgment debt of N2.16 billion. A garnishee order is…
Nigeria Presses For Central Bank Digital Currency eNaira Usage With The New Cash Withdrawal Limit.
Recently the Central Bank of Nigeria placed new restrictions and limits on the amount of cash citizens are able to withdraw from ATMs, Bank counters and other related physical banking structures. The new decision experts believe will encourage the usage…
Central Bank Allows Payment In Bitcoin, Other Cryptocurrencies.
The Central Bank of Namibia has announced that despite no cryptocurrency having legal tender status in the country, payments in Bitcoin and other crypto will still be allowed for retailers and dealers who take money in the form of cryptocurrencies…
Kenya’s Central Bank Says Forex Reserves Are Adequate, In Response To VP’s Claim of Inadequacy.
The central bank of Kenya has refuted remarks made by the country’s deputy president Rigathi Gachagua which insinuates that the East African nation lacks foreign exchange reserves to import fuel. In a reactionary statement, the bank said it “does not…
JP Morgan Becomes The First Bank To Open In The Metaverse Where You Can Transact With Crypto/NFT
J.P. Morgan has opened an “Onyx lounge” in the metaverse on Tuesday, a virtual lounge in the blockchain-based world of Decentraland for transactions with crypto and NFT. You can now do your banking in the metaverse after the US lender JP…
GTBank Reviews International Naira Card Transactions From $100 to $200 Per Month
One of the best online banking service provider in Nigeria, GTank has now reviewed it’s Naira Card spending limit from $100 up to $200. Recently, most Nigerian banks reviewed the international monthly spending limit on the Naira Mastercard credit cards…
Standard Chartered Bank to Launch Cryptocurrency Exchange Services, Available to European Markets
Standard Chartered Bank to Launch Cryptocurrency Exchange Services, Available to European Markets Standard Chartered Plc has said it is set to launch a cryptocurrency exchange and brokerage service. The bank said its innovation arm, SC Ventures, would establish the platform….
Former Senator of Nigeria, Shehu Sani Bets on Crypto Replacing Traditional Banks
Shehu Sani, a former senator who represented Kaduna Central senatorial district in the National assembly took to his Twitter to share his opinion about cryptocurrencies. He argues that in months to come crypto would take over the future of financial…
Kuda Bank Hits 1 Million Android App Downloads
Kuda bank is the first African digital bank Created by Nigeria, it is celebrating a milestone that its android app has as of 20th Feb recorded over a million downloads of the app. It took to its official Twitter handle…
There are Strict Regulatory Limits on Personal Accounts for Active Crypto-Traders — Kuda Bank
Kuda has reportedly blocked active naira bank accounts over unclear regulatory terms. A crypto guy identified as Nex Crypto on Twitter narrated how his account and that of his colleagues were blocked by Kuda for different reasons. “Kuda blocked my…