The Central Bank of Nigeria (CBN) has directed banks and other financial institutions to report Bank Verification Number (BVN) of a deceased customer to the Nigeria Interbank Settlement System (NIBSS) within 24 hours of confirmation. The directive is contained in the revised BVN guideline issued by the apex bank andContinue Reading
When Facebook users had finished mocking the company over its calamitous global outage on Monday, October 4, many apparently flocked to rival apps in order to get back in touch with friends and family. The six-hour outage — caused by configuration changes to Facebook’s routers that prevented its computer systems from communicating in the usualContinue Reading
The Central Bank of Nigeria’s eNaira website has gone live ahead of October 1 official launch. According to the website, www.enaira.com, “eNaira is a CB -issued digital currency that provides a unique form of money denominated in Naira.” The CBN stated that eNaira would serve as both a medium ofContinue Reading
SINGAPORE, Sept 27 (Reuters) – Cryptocurrencies traded firmly on Monday, having rebounded from selling driven by an intensifying crackdown on the asset class in China, as buy-the-dip speculators swooped in. Bitcoin was up about 1% in Asia trade at $43,719, having fallen to just below $41,000 in the wake ofContinue Reading
The Chinese government’s long-running battle against crypto took a drastic turn earlier today when the country’s central bank said all cryptocurrency-related transactions are illegal and must be banned. The announcement has seen the price of BTC plummet from $45,200 to $42,675 in the space of two hours. The People’s BankContinue Reading
The Chinese Ambassador to Nigeria, Cui Jianchin, has said he is holding talks with Chinese banks to set up operations in Nigeria to boost Nigeria’s economy and expand trade relations between the two nations. Mr. Jianchin disclosed this on Tuesday in Abuja while addressing journalists during the commemoration of theContinue Reading
The Federal government says it will deploy technology to tax all digital transactions carried out across Nigeria in a bid to improve government earnings. Secretary to the Government of the Federation (SGF), Mr. Boss Mustapha who disclosed this while speaking at the 17th General Assembly and 10th anniversary of theContinue Reading
For those of us who want to say thank you to our moms, it’s not always easy to putContinue Reading
For those of us who want to say thank you to our moms, it’s not always easy to putContinue Reading
For those of us who want to say thank you to our moms, it’s not always easy to putContinue Reading