Tag Archives: CBN

Cryptocurrency Ban: It is for the Best Interest of Nigeria, CBN Gov. Emefiele Tells Senate Committee 

Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele on Tuesday honoured the invitation by Senate to defend the ban on cryptocurrency trading in the country. A Channels Television report sites, the decision of the Senate to invite the CBN governor is sequel to a motion by a Federal Lawmaker Senator Istifanus Gyang during plenary on…

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Cryptocurrency Ban: Senate Invites CBN Governor, Godwin Emefiele

The House of Senate has invited the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele to brief its committees on the opportunities and threats of cryptocurrency on the nation’s economy. According to a Channels Television report, the decision of the Senate to invite the CBN governor is sequel to a motion by a Federal…

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#EndSARS: Falana Advises CBN to Remain in the Business of Banking, Stay Out of Politics

Femi Falana, a Senior Advocate of Nigeria (SAN), has asked the Central Bank of Nigeria (CBN) to stay out of politics and stick to the business of banking. The human rights lawyer who was a guest on Channels Television’s Sunrise Daily has described CBN’s move in this case as that of intimidation, he argued that the…

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Many Nigerians Angry Over the Ban on Buying & Selling of Bitcoin, Cryptocurrency CBN

Nigerians have taken to the streets of Social media to protest the ban on buying and selling of bitcoin and cryptocurrency in the country announced by the Central Bank of Nigeria (CBN) on Friday. These social media protesters slammed the federal government for what they considered to be a backward action. According to the letter,…

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Central Bank Of Nigeria Opposes Suit To Remove Arabic Inscriptions From Naira

The Central Bank of Nigeria has opposed the bid seeking the removal of the Arabic inscriptions on some naira notes, saying that it does not in any way threaten the secular status of the country. The apex court stated this in a countersuit filed before the Federal High Court in Lagos after a Nigerian lawyer, Malcolm Omirhobo,…

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CBN Reveals Plans To Fund Research On Nigeria’s Coronavirus Vaccine

The Central Bank of Nigeria has revealed that the apex bank will be funding a research for a Nigerian Coronavirus vaccine. The CBN Governor, Godwin Emefiele disclosed this at the unveiling of THISDAY Dome testing, tracing, and treatment centre on Tuesday in Abuja. He said they are currently designing a framework which includes grants and long term facilities for “researchers,…

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Coronairus: CBN Introduces N50bn Loan Facility For Households And Small Businesses Affected

According to online reports, a N50bn Credit Facility has been unveiled by the Central Bank of Nigeria, specifically to cater for the needs of households and small businesses that have and will be adversely affected by Coronavirus (COVID-19). CBN reportedly revealed that those eligible for the stimulus package must prove that they, their livelihood and business…

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Coronavirus: Nigerians React As CBN Announces N1.1tn Intervention Fund

Nigerians have generated mixed reactions on social media after Central Bank of Nigeria on Wednesday announced a N1.1tn intervention fund to support critical sectors of the economy, including the global pandemic, COVID-19. The CBN Governor, Mr Godwin Emefiele said this in a statement made available to journalists. Adding that out of the N1.1tn, about N1tn…

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