A Federal High Court sitting in Abuja has vacated with immediate effect an interim order through which the Central Bank of Nigeria (CBN) froze the bank accounts in two banks of a firm in cryptocurrency trading. The CBN had claimed, among others, that some of such deals contravened its directive […]
Central bank of Nigeria and Bitcoin
The Special Fraud Unit of the Police in Lagos has arrested a suspected internet scammer, who hacked the accounts of first bank and defrauded the bank of a whopping sum of N1.868 billion. The suspected hacker, Femi Salau, and his accomplices, two bureau de change operators, were arrested by the […]
According to a central bank of Nigeria official, Nigeria may deploy a central bank digital currency (CBDC) before the end of 2021. According to local media reports, Rakiya Mohammed, an information technology specialist at the Central Bank of Nigeria (CBN), revealed that the bank has been considering a CBDC for […]