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Patricia, Nigerian fintech startup, relocates operations to Estonia after ban on crypto businessamlive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessamlive.com Daily Mail and Mail on Sunday newspapers.
ADVERTISEMENT On February 5, the Central Bank of Nigeria (CBN) issued a ruling instructing all financial institutions to stop the facilitation of all transactions involving cryptocurrencies. It also goes further asking all the regulated bodies to identify individuals or organizations engaging in cryptocurrency transactions within their system and shut down their accounts with immediate effect. Finally, the circular note that failure to adhere to the directives will attract severe regulatory sanctions on the part of the regulated entity. Let’s face it, cryptocurrency is a big deal in Nigeria. In the last couple of years, there has been astronomical growth in cryptocurrency trading in the country. Nigeria is Africa’s largest cryptocurrency marketplace and second only to the United States in Bitcoin trading volume in the world. According to data from QZ Africa, ....
ON THE GO Atiku: Nigerians must save themselves by helping Buhari Atiku Abubakar, former vice-president, says Nigerian must help Buhari in order to save the country.Advertisement He said this in a series of posts via his official Twitter account on Sunday.. INEC declares PDP’s Ebisike as winner of Aba bye-election The Independent National Electoral Commission (INEC) has declared Chimaobi Ebisike of the Peoples Democratic Party (PDP) as winner of the Aba north/south federal constituency bye-election which took place on Saturday.Advertisement. INTERVIEW: Enyinna Nwigwe talks acting in Borno, not leaving Nigeria for Hollywood Before Paul Papel tapped Enyinna Nwigwe to play the lead role in a movie project he’d been working out with the Nigerian Air Force (NAF), the latter assumed that conflict-oriented. ....