The Central Bank of Nigeria has set new charges payable by customers using USSD services for their financial transactions. The apex bank said the transaction fees are effective Tuesday, setting a flat rate of N6.98 […]
The Buhari administration has borrowed $25billion from the Central Bank of Nigeria via overdrafts and loans since 2015 and a group is now asking the government to give an account. Socio-Economic Rights and Accountability Project […]
The Central Bank of Nigeria has ordered International Money Transfer Operatives (IMTO) to pay a N5 fee for every $1 on diaspora remittances. The document released on Friday, noted this directive was made “in an […]
Tesla announced Monday it has bought $1.5 billion worth of bitcoin. The company said it bought the bitcoin for “more flexibility to further diversify and maximise returns on our cash.” Tesla also said it will start […]
Former presidential candidate, Kingsley Moghalu, has said that $500 million worth of Bitcoin has been traded in Nigeria within the last five years. Moghalu, who was once the Head of Directorate of the Central Bank […]
The Central Bank of Nigeria (CBN) has justified their ban on cryptocurrencies, saying it fuels illicit financial flow and aids terrorism. In a statement, Osita Nwanisobi, Acting Director, Corporate Communications, CBN, said the ban on […]
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