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BREAKING: Court restrains CBN from extending deadline on use of old naira notes
A Federal Capital Territory, FCT, High Court has restrained the Central Bank of Nigeria, CBN, from extending the deadline for the use of the old naira notes. The court also ordered the CBN to fully implement the redesigned naira. Eleojo Enenche, presiding judge, gave the order while delivering ruling in a suit marked FCT/HC/CV/2234/2023, on […]
How Crypto exchanges in Nigeria regulate users
The decentralised nature of the cryptocurrency market has different interpretations for different actors. For consumers, it means freedom from third parties like the Central Bank of Nigeria (CBN) and banks, faster transactions, and more convenience. For regulators like the CBN, it means unchartered territory, opacity, and “thin-air” transactions. But for cryptocurrency exchanges it is a […]