President Muhammadu Buhari has approved the establishment of a Public Private Partnership styled Infrastructure company named Infra-Co with an initial seed capital of N1 Trillion.
Buhari okays creation of ₦1trn Infrastructure company
Tag: Centra Bank of Nigeria (CBN)
How to bypass the new CBN policy on trading cryptocurrency in Nigeria.
Following the CBN’s Ban on cryptocurrencies as the bank through one of its officers had declared that “The use of cryptocurrencies in Nigeria are a direct contravention of existing law,” the statement said. “It is also important to highlight that there is a critical difference between a Central Bank issued Digital Currency and cryptocurrencies. As the names imply, while Central Banks can issue Digital Currencies, cryptocurrencies are issued by unknown and unregulated entities,” Mr Nwanisobi said.Over the past few days, we have witnessed a huge outcry mostly amongst the youths…
Nigeria becomes the highest trader in P2P Bitcoin trade in Africa.
Amid Nigeria’s apex bank’s recent warning to Deposit Money Banks, Non-Financial Institutions, and other financial institutions against doing business in crypto, Nigerians transacted more Bitcoin in comparison to other African countries combined in the past week.
OFFICIAL: CBN bans Nigerians from trading Crypto Currency, orders bank accounts invloved to be blocked.
The Central Bank of Nigeria has ordered banks and other financial institutions to close customer accounts used in trading cryptocurrencies and other related transactions.