Reporting on Fintech, Bitcoin, Ethereum, Blockchain and Cryptocurrency News in Nigeria

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Just In: Zenith Bank Reportedly Closing Crypto Related Bank Accounts

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Unconfirmed reports circulating at moment has it that Zenith Bank is freezing accounts of crypto traders who purchased crypto directly with their Zenith Bank accounts on KuCoin and Binance exchanges. The circulating notice reads; “If you used your ZENITH Bank…

Naira Falls at Official and Black Market Amidst Festive Season Inflations.

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As the most festive time of the peaks, Naira exchange rate as at 22 December against the US dollar closed at N415.1/$1 at the official Investors and Exporters (I&E) window. Naira depreciated by 0.07% against the US dollar on Tuesday…

CBN Agents May Be Trading on Popular P2P Platforms To Trap Crypto Traders, Sources Allege.

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As CBN clamp down on cryptocurrency traders intensifies, feelers emerging from the apex bank has alleged that the bank plants spurious P2P agents on popular crypto trading apps to trap unsuspecting users. The modus operandi of this CBN agent the…

There Is No Law Against Crypto In Nigeria: Court Rules. Unfreezes CBN Blocked Accounts Over Crypto Trading.

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CBN Circular is Not Law. A Federal High Court sitting in Abuja has vacated an interim order through which the Central Bank of Nigeria (CBN) froze the bank accounts in two banks of a firm that traded in cryptocurrency according…

Central Bank Of Nigeria Shutdown Abokifx.com Accounts Over Forex Speculation.

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Central Bank of Nigeria CBN, today closed all operating accounts belonging to online forex rate publishing platform, abokifx.com over what the apex bank termed unauthorised publication of forex rates. In a circular sent to all commercial banks by CBN requesting…

Central Bank Of Nigeria to Launch E-Wallet, Nigerian Banks, Others To Follow Soon.

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The Central Bank of Nigeria announced that eNaira cryptocurrency will launch on a digital wallet called Speed wallet This according to the Central Bank will enable the apex banking regulatory body to meet it’s October 1st timeline. The wallet is…

CBN Crypto Regulations: A Crypto Trader Claims GTBank Threatened to Arrest him.

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Crypto Trader on Twitter claims that Guarantee Trust Bank has threatened to arrest him after blocking his bank account. @Maxdiwailee on Twitter has claimed that he was threatened by GTBank for mainly trading cryptocurrencies, according to him, GTBank claimed that…

We have engaged with the CBN and agreed to work together to further analyze Crypto securities Says SEC Nigeria

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SEC PRESS RELEASE:  “We have engaged with the CBN and agreed to work together to further analyze Crypto securities” The Securities and Exchange Commission of Nigeria (SEC Nigeria) has put out a Press release to calm all opinions concerning the…

Mastercard Launches Testing Platform for Central Bank Digital Currencies.

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Mastercard has launched a central bank digital currency testing platform for Central Banks to enable them conduct pilot tests for Central Bank Digital Currencies.

How Crypto Savings Account Interest Beats the New CBN Policy on Bank Savings Account Interest.

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Crypto Savings Account yields more interest now compared with Banking Savings Account interest.