LAGOS FEBRUARY 22ND (NEWSRANGERS)-It’s been about two weeks since Nigeria’s Apex bank prohibited regulated financial institutions from dealing with Cryptos or face the wrath. At the fear of Nigeria’s Central Bank, financial institutions immediately began to close crypto-related firms. In the wake of such a ban, the demand for Bitcoin by Nigerians had exponentially grown…
LAGOS FEBRUARY 12TH (NEWSRANGERS)-The Senate has mandated its Committees on Banking, Insurance and Other Financial Institutions, ICT and Cybercrimes and Capital Market to invite the Governor of the Central Bank of Nigeria, Godwin Emefiele to brief it on the recent ban on cryptocurrency in the country. The Senate also invited the Director General of the…
LAGOS FEBRUARY 9TH (NEWSRANGERS)-The National Road Transport Workers (NURTW) in Ogun State says the state government have stopped its members from collecting levies on its behalf from transporters at motor parks According to a statement by the state Commissioner of Information Abdulwaheed Odusile on Monday, the development became necessary due to the internal squabble over…
LAGOS FEBRUARY 8TH (NEWSRANGERS)-The Central Bank of Nigeria (CBN) issued a five-page statement Sunday clarifying its position on cryptocurrencies after a regulatory warning to local banking institutions on Friday sent shockwaves through social media. In Sunday’s statement, the CBN said Friday’s letter was only a reminder that cryptocurrencies were not legal tender in Nigeria, and…
LAGOS FEBRUARY 7TH (NEWSRANGERS)-Finance has temporarily suspended deposits in Nigerian naira – the country’s local fiat currency – in response to a Friday letter from Nigeria’s central bank (CBN) instructing local banks to identify and close all accounts tied to cryptocurrency platforms or operations. The CBN letter told local banking institutions that dealing in cryptocurrencies…
LAGOS FEBRUARY 5TH (NEWSRANGERS)-The Central Bank of Nigeria on February 5, 2021, released a statement signed by the Director of Banking Supervision Bello Hassan and the Director of Payments System Management Department Musa I. Jomoh, prohibiting financial institutions in Nigeria from dealing in cryptocurrencies or facilitating payments for cryptocurrency exchange. Meaning all trading of cryptocurrency…
LAGOS OCTOBER 15TH (NEWSRANGERS)-The Nigerian Police Force on Wednesday came out with five important facts about the newly-created Special Weapons and Tactical Team (SWAT), saying no personnel of the defunct Special Anti Robbery Squad (SARS) will be part of the new SWAT. In a series of tweets by the police through the Force Public Relations…
LAGOS AUGUST 21ST (NEWSRANGERS)-The Federal Government says it will enforce the principle of reciprocity in granting permission to airlines to resume operations into the country as the Nigerian airspace reopens for international flights on August 29. Minister of Aviation Hadi Sirika stated this on Thursday during the briefing of the Presidential Task Force on COVID-19….