CBN Bans Cryptocurrency In Nigeria

National Bank of Nigeria has taken an action to stop the exchanging of Cryptocurrency in the country. In a roundabout sent by the Director Of Banking Supervision, Bello Hassan to all Deposit Money Banks, Non-Bank Financial Institutions and Other Financial establishment the CBN said there are hazard related with exchanges in digital currency. In the … Read more

The Central Bank of Nigeria (CBN) has banned Nigerians from depositing more than $5,000 in banks

Centeral Bank of Nigeria has banned Nigerians from depositing more than 5k dollars into their bank accounts monthly. News Online reports that some commercial banks, following the Central Bank of Nigeria‚Äôs (CBN) order have started sending new transfer limits to their customers. Emails sent to some customers seen by News Online show banks are informing … Read more