CRYPTOCURRENCIES

Nigeria has secured a World Bank facility worth $800 million.The Minister of Finance, Budget and National Planning, Zainab Ahmed, disclosed this on Wednesday while briefing State House correspondents on outcome of the Federal Executive Council (FEC) meeting in Abuja.The meeting was presided over by President Muhammmadu Buhari. Mrs Ahmed said …

Bob Lee, the founder of Cash App and former chief technology officer at Square, has been stabbed to death. He was stabbed to death, close to downtown San Francisco in the United States.Police were called to a stabbing report in the city’s Rincon Hill neighbourhood, in the 300 block of …

The Federal Competition and Consumer Protection Commission has approved 173 digital lending applications to operate in the country. Of the 173, 119 have full approvals and 54 have conditional approvals. After loan apps started harassing Nigerians, the FCCPC began a registration drive to protect citizens from the atrocities of these …

The Central Bank of Nigeria (CBN) has described as fake, the news making the rounds that it suspended accounts of Fintech companies like OPAY and PALMPAY.Mr Isa AbdulMumin, the Acting Director, of Corporate Communications, CBN, debunked the reports in Abuja on Friday.The viral news credited to AbdulMumin stated that the …

There are mixed reactions from traders, business owners and customers in Anambra State over the commercial banks’ acceptance of deposits in old N500 and N1,000 old notes. This is a day after the Central Bank of Nigeria (CBN) in a statement on Monday directed commercial banks to issue and to …

Exactly 10 days after the Supreme Court judgement mandating the use of old N,1000 and N500 notes as legal tender till December 31, 2023, the Central Bank of Nigeria Governor, Godwin Emefiele, on Monday bowed to pressure and officially ordered commercial banks to comply with the court verdict. He also …

The Central Bank of Nigeria has cleared the air on directing commercial banks to dispense and accept the deposit of old Naira notes amid the raging currency crisis. Dr Isa Abdulmumin, Acting Director of Corporate Communication CBN, in an exclusive chat with DAILY POST on Monday, clarified that there is …

Ten states are set for a fresh legal battle with the Federal Government and the Central Bank of Nigeria (CBN) following the non-compliance of the Federal Government and the apex bank with the March 3rd judgment of the Supreme Court on the extension of the validity of the old naira …

The Central Bank of Nigeria, CBN, has approved the recirculation of old naira notes to customers via automated teller machines (ATMs) and over-the-counter by commercial banks. The decision is in compliance with the directive of the supreme court, which extended the validity period of the old notes until December 2023.While some …

For the second time since the Supreme Court ruled that the old N200, N500 and N1,000 notes will remain legal tender until December 31, the Central Bank of Nigeria (CBN) has refused to speak on the judgement. On Saturday, an official of the CBN told The Nation that the communications department …