Reps to investigate CBN, NIPOST, others over failure to remit stamp duties worth trillions.
29 April 2019 |
12:55 pm
Reps to investigate CBN, NIPOST, others over failure to remit stamp duties worth trillions.
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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
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Vice President Yemi Osinbajo has disagreed with the Central Bank of Nigeria to ban Crypto-Currencies transactions in the country.
Osinbajo spoke at the CBN/Bankers Committee’s Initiative for Economic Growth in Lagos and called on the CBN and the Securities and Exchange Commission to put in place a robust framework for the regulation of Crypto-Currencies.
The CBN had ban Crypto-Currencies usage in Nigeria a few weeks ago.
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