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Aisha Slams FG, CBN Over Banning Of Cryptocurrency

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NewsOne Nigeria   had reported earlier that the  Central Bank of Nigeria (CBN) directed banks to close accounts of persons or entities involved in cryptocurrency  transactions within their systems. This online news platform understands that the development was disclosed in a circular released to deposit money banks (DMBs), non-bank financial institutions (NBFIs), and othe r financial institutions (OFIs) on Friday, February 5, 2021. “Further to earlier regulatory directives on the subject, the bank hereby wishes to remind regulated institutions that dealing in cryptocurrencies or facilitating payments for cryptocurrency exchanges is prohibited, ”  the circular signed by Bello Hassan, director for banking supervision, and Musa Jimoh, director of the payment system management department, read. “Accordingly, all DMBs, NBFIs and OFIs are directed to identify persons and/or entities transacting in or operating cryptocurrency exchanges within their systems and e...
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E-Naira: CBN limits transactions to N50,000 for non-account holders

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… CBN Appoints technical partner for digital currency project T he Central Bank of Nigeria (CBN) has set an initial transaction limit of N50, 000 for non- account holders preparatory to the take-off of its digital currency set for October 1. The apex bank has also engaged global Fintech company, Bitt Inc., as the Technical Partner for its digital currency, named e-Naira, which is due to be unveiled later in the year. In a guide released by the bank to Deposit Money Banks (DMBs), the CBN stipulated a transaction limit for customers, non-interest-bearing Central Bank Digital Currency (CBDC) status, and an account value limit. CBN said neither merchants nor customers using the wallet will be charged a fee even as the e-Naira is a legal tender for the entire country. The bank said it will have non-interest-bearing CBDC status, a transaction limit for customers, and a value-based transaction limit. There are three levels to the CBN “Speed Wallet” issued primarily to ...
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NEWSBREAKING: Fomer Imo Governor, Rochas Okorocha Arrested.

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| | +18 NATIONAL NEWSEDUCATIONSPORTPOLITICSSPONSOREDENTERTAINMENTMETRO CONNECT WITH US Naija News Today : Latest News in Nigeria & Breaking News today NEWSBREAKING: Fomer Imo Governor, Rochas Okorocha ArrestedPublished 34 seconds ago on February 21, 2021By Ademola Adam  FacebookTwitterWhatsAppPinterestLinkedInShare Former Governor of Imo state, Senator Rochas Okorocha has been arrested by the operatives of the Police command. According to report gathered, he was arrested for allegedly leading unauthorized entry into a sealed property and unleash of mayhem. Sen Okorocha had on Sunday unsealed one of the properties linked to him, the Royal Palm Estate located around Akachi towers, which consists of blocks of flats fully completed and furnished. Ads The State Government had sealed the property while Okorocha was alleged to have unsealed it in company of his loyalists. Shortly after that, Special Adviser to governor Uzodimma on Special Duties, Hon Chinasa Nwaneri arrive...
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