Wednesday, 27th September 2023
<To guardian.ng
Search

Why the CBN banned cryptocurrency bank accounts in Nigeria

By Guardian Exclusive
12 February 2021   |   11:25 am
Cryptocurrencies like Bitcoin and Ether were becoming increasingly popular in Nigeria. Some businesses and individuals are turning to it for cross-border payments and trades, thereby bypassing hurdles of scarce FX. As the prohibition on crypto accounts takes effect, GuardianTV explains what you should know about CBN's cryptocurrency bank account ban

Related

26 Aug
Twenty-two soldiers of the Nigerian Army killed in an ambush by bandits in Niger state have been buried.
29 Aug
Corporal punishment has long been a fact of life for Nigerian schoolchildren. In Katsina State, officials say school attendance improved after the practice was banned.
2 Sep
After just one month in office, French Education Minister Gabriel Attal decided to ban Muslim abayas in public schools. How do other European countries compare?
1 Sep
The Icelandic government said whalers will face stricter conditions and increased supervision. Animal welfare activists said Iceland missed an opportunity to "do the right thing."
2 Sep
It has been a month since the military seized power in Niger. The ECOWAS bloc of African states has imposed sanctions, and access to food is getting scarce in the landlocked country. In the city of Tillaberi, people are feeling the effects.
6 Sep
President Bola Tinubu was elected in a closely contested poll in February. The losing candidates have challenged the results citing irregularities.
6 Sep
Blacklisting the Wagner Group would put it on the terror list with al-Qaida, meaning that it would be a criminal offense to be a member of or support the mercenary outfit under UK laws.
9 Sep
Talk about unexpected U-turns. And it is that José Peseiro is back like he never left as a head coach of the Super Eagles. And of course, that conversation is there for the taking alongside a preview of the all-important games against São Tomé and Príncipe on Sunday.
8 Sep
Apple's market value has tumbled by some $200 billion in the wake of reports that Beijing has banned iPhones among government employees. We take a closer look. Also, Chinese car manufacturers make inroads into the European market, and New York City cracks down on Airbnb.
11 Sep
In this edition, the contentious issue of how some Muslim women and girls dress captures the headlines here in France with once again, the spotlight being on clothing in schools. Also the missing women of Peru where thousands disappear yearly primarily due to human trafficking, prostitution and gender violence. Plus the nuns of Kathmandu who teach women and girls Kung Fu as an act of empowerment.
11 Sep
Find these stories and much more when you grab a copy of The Guardian on Tuesday.
15 Sep
Nigeria made their debut at the recent Invictus Games. Dismissed by critics as a cynical, expensive spectacle, the Games are a chance for participants suffering from physical and psychological trauma to exchange ideas.