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Nigeria is on auto-replay. Events of the past find a clever way of repeating themselves. Very few things that happen in this African giant are new. Conversations around the naira and dollar are definitely not new, and we are back at a familiar junction: let’s call it the naira devaluation avenue. On Monday, at the
The Central Bank of Nigeria (CBN) said there was no time the bank banned the activities of Cryptocurrencies in the country. The Governor of the bank, Godwin Emefiele, disclosed this in Abuja at the 30th seminar for Finance Correspondents and Business Editors organised by the bank. Emefiele, who was represented by Adamu Lamtek, Deputy Governor,
Access Bank and Gtbank have been trending for the wrong reasons today as they have started blocking the account of their customers that have traces of cryptocurrency transactions. You’d recall that CBN had placed a ban on cryptocurrency and asked banks to block accounts with cryptocurrency related. In furtherance to that, Gtbank and Access bank have
There are reports that Sunday Igboho has warned the federal government to unfreeze all his bank accounts or face mass protest across Yoruba Land. Igboho, speaking with Vanguard, confirmed that all his accounts were frozen, because some people were collecting donations. However, he insisted he had no hand in the said donations.
The Uk Parliament who recently waded in to ask for a sanction to the top government officials in Nigeria (video) after they appeared to be stifling the chances of the Nigerian citizens to get justice after the military Shot and killed unarmed protesters at Lekki toll gate. The Parliamentary plenary took another direction as the
There has been serious uproar from Nigerians towards Access bank and Stanbic IBTC . Jkcyno news gathered that most Nigerians have called for Nigerians having account with Access bank to close down the account and rather open account with Stanbic IBTC. They alleged that the embattled Access bank acceded to the CBN’s draconian order of
The Central Bank of Nigeria says it has disbursed N3.5 trillion to cushion the effect of COVID-19 pandemic on the country’s economy. The information is contained in a review of the 132nd communique of the Monetary Policy Committee (MPC) meeting obtained from the apex bank’s website. It was signed by Governor Godwin Emefiele. Mr. Emefiele
Access Bank on Sunday said it will refund its stamp duty deductions made from the account of its aggrieved customers after a social media outcry on Saturday. Stamp duty deductions apply to all credit received into current and savings accounts in respect to electronic transfer and teller deposits of N10, 000 and above. The money is
Geoffrey Onyeama Nigerians returning to country are no longer going to pay for the cost of their mandatory quarantine, according to the Foreign Affairs Minister @GeoffreyOnyeama. You’d recall that the government earlier stated that the returnees would have to take care of the bills for their compulsory quarantine upon return to the country. The
The Central bank of Nigeria earlier greeted Nigerians with a sudden news of cashless policy implementations that definitely didn’t go down with most Nigerians. The Apex bank had announced that charges would be incurred on both bank Deposits and withdrawals alike for cash above 500, 000 naira. Most Nigerians were left guessing of the possible