CBN Shuts Crypto Currencies Exchanges Banks
LETTER TO ALL DEPOSIT MONEY BANKS, NON-BANK FINANCIAL INSTITUTIONS AND OTHER FINANCIAL INSTITUTIONS
The Central of Bank of Nigeria's (CBN) circular of January 12, 2017 ref FPR/DIR/GEN/C1R,06/010 which cautioned Deposit Money Banks (DMBs), Non-Bank Financial Institutions (NBFIs), Other Financial Institutions (OFIs) and members of the pubic so the risk associated with transactions In crypto currency refers.
Father to earlier regulatory directives on the subject, the Bank hereby wishes to remind regulated institutions that dealing in crypto curencies or facilitating payments for cryptocurrency exchanges is prohibited. Accordingly, all DMBs.
NBFIs and OFIs are directed to identify persons and/or entities transacting in or operating crypto currency exchanges within tier systemsand ensure that such accounts are closed immediately. Please note that breaches of this directive will attract severe regulatory sanctions. This letter is with immediate effect."
CBN orders banks to start collecting old 500 & 1000 Notes
Sequel to the long queue being experienced at the Central Bank of Nigeria branches nationwide, the CBN has ordered banks to start collecting the old N500 and N1,000 notes from the public with immediate effect.It however pegged the maximum amount the banks can collect at N500,000.The CBN maintained that the old currencies were still no more legal tender.A source from the bank said the CBN ordered the banks to collect the monies instead of going to the CBN office foll...
CBN Orders Banks To Close All Accounts Transacting In Cryptocurrency
CBN has went further after banning the use of Cryptocurrency, now they are giving orders to bank to block all accounts that have been transacting with Cryptocurrency.From the news reaching us now CBN has issued a final warning stating that Banks to close all accounts transacting In cryptocurrency
EEDC Shuts Down Power Supply in Imo State
After several hours of blackout in Imo State, the Enugu Electricity Distribution Company PLC (EEDC) has finally updated its esteemed customers in Imo State the reason for the loss of supply currently being experienced.The Distribution company says it is a result of the industrial action by the organised labour union in Imo State. This led to the shutting down of our source of supply, leaving them with no energy to distribute.EEDC confirmed that the situation is appl...
Download Naijacrawl App today
Fastest way to read on the go
Download the Naijacrawl App.