Regulate Crypto: ICPC Urges Nigeria’s National Assembly.
The Independent Corrupt Practices and other related offences Commission, ICPC, has urged the National Assembly to create legislations that would regulate cryptocurrency trading in Nigeria. Chairman, ICPC, Prof. Bolaji Owasanoye (SAN) made the call at the opening ceremony of a…
Nigerians Must Accept e-Naira: CBN Says.
The Central Bank of Nigeria notes that the e-naira which is set to be launched on October 1 is a legal tender equal to the value of the naira and therefore must be accepted as a form of payment by…
Bursted! EFCC Declares Wales Kingdom Capital Founder Wanted Over Missing N935 Million Investors Funds
Economic and Financial Crimes Commission (EFCC) has declared founder of Wales Kingdom Capital Ltd, Adewale Daniel Jayeoba, a ponzi scheme operator wanted over an alleged investment scam. “Some of the people who fell for the scam have committed suicide” according…
Big Brother Naija Task Team Winners To Be Rewarded in Bitcoin
The Big Brother Naija Shine Ya Eye housemates participated in a challenge organised by a crypto retailing platform and Team Bitcoin emerged victorious in the task. Members of Team Bitcoin include Liquorose, Cross, Saskay, Queen, and Emmanuel and they won…
Update: CBN Declares Abokifx Founder Wanted.
Central Bank of Nigeria has declared Oniwinde Adedotun Abokifx founder wanted for breaching National Economic Intelligence Act 2004 and for illegal dealing in forex. Godwin Emefiele, CBN governor, and while speaking today, September 17, at the end of the 280th…
Who Will Help Naira ? Falls Further To 570 Against Dollar.
Naira depreciated further against the U.S. dollar at the forex and crypto unofficial market on Wednesday. However, the currency gained marginally against the hard currency at the official market. According to our findings, at the parallel market rates in Lagos, the local unit closed…
Nigeria Crypto Market Records 1,200% Growth In One Year.
Global blockchain data analyst, Chainalysis on Tuesday reports that cryptocurrency market in Nigeria and other African countries have grown by 1200 per cent in one year. According to the report, the African region has one of the highest grassroots adoptions…
Nigeria Digital Currency, eNaira Safer Than Privately Issued Cryptocurrencies : CBN
Central Bank of Nigeria deputy governor, Folashodun Shonubi has claimed that the country’s upcoming central bank digital currency (CBDC) will be a “safer option from privately issued cryptocurrency.” He made the assertion at a virtual event organized by the Chartered…
If It Is Too Good To Be True, Run!!! -Nigerians Lose N300 Billions To Ponzi Schemes, Speculative Trade.
Ponzi schemes, also known as pyramid investments, are a form of financial fraud that lures investors with the promise of high returns but often ends up giving no returns at all, with a possible loss of investors’ total capital. This…
Will Nigerian Banks Survive eNaira ?
The much anticipated unveiling of digital currency by the Central Bank of Nigeria (CBN), also known as e-naira, according to analysts, is a major step in digital banking that will benefit consumers but not good for the banks. In this…