The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) said it again voted to retain the monetary policy rate at 11.5 percent. Central Bank of Nigeria Governor Godwin Emefiele announced the retention during a...
Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says the apex bank’s directive to financial institutions on cryptocurrency transactions, is in the best interest of depositors and the country’s financial system. Emefiele said this...
The International Monetary Fund (IMF) has confirmed the Central Bank of Nigeria’s observation that some of the crypto currencies were being used for money laundering and drugs trafficking. The IMF Resident Representative for Nigeria, Ari Aisen,...
The Central Bank of Nigeria has justified the ban of cryptocurrency-related transactions in the country, explaining that the digital currency is used for money laundering and terrorism. A statement by Osita Nwanisobi, Acting Director, Corporate Communications,...