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Kingsley Moghalu, former presidential candidate of the Young Progressives Party (YPP), says terrorists and kidnappers are now demanding ransom in cryptocurrency.
On February 5, the Central Bank of Nigeria (CBN) released a circular addressed to banks and other financial institutions with the directive that transactions in cryptocurrencies and facilitating payment for cryptocurrency exchanges were prohibited.
Online payment app PayPal has announced US customers can make payments with its “Checkout with Crypto” feature, rolling out today.
Visa Inc, an American multinational financial services corporation, announced on Monday that it will permit the use of the cryptocurrency USD Coin to settle transactions on its payment network, a move conceived to be the genesis of digital currencies acceptance by the mainstream financial industry.
Former Vice President Atiku Abubakar says the present government led by President Muhammadu Buhari lacked the capacity to address current challenges and needed help.
A 500-level student of Ladoke Akintola University of Technology (LAUTECH) Ogbomoso, Adebowale Abiola, has been sentenced to one-year imprisonment for fraud.
Tesla began officially accepting bitcoin as currency to purchase electric autos, Chief Executive Elon Musk said Wednesday, further boosting the digital money.
The option to pay using the cryptocurrency now appears on the company’s US website, where it’s available alongside the traditional card payment option. Musk said that the option to pay with bitcoin will be available to other countries “later this year.”
The Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Prof. Bolaji Owasanoye, SAN, on Tuesday said virtual assets and cryptocurrencies are risky for implementation in Nigeria.
A record rush to big technology stocks saw equity funds bagging $27.8 billion inflows last week with the ongoing ultra-easy monetary policy creating the “mother-of-all asset bubbles”, BofA said on Friday.
On Sunday, billionaire Elon Musk said he would buy the coin if its top holders agreed to sell, saying he considered too much concentration of Dogecoin among its major holders the only “real issue”.
Amidst the furore generated by the Central Bank of Nigeria’s crackdown on the activities of cryptocurrency traders, research has revealed that criminals are using a small group of crypto brokers to launder hundreds of millions of dollars around the world.
Twitter CEO Jack Dorsey and musician Jay-Z have pledged 500 bitcoin (around $23.3 million) toward ₿trust, an endowment to fund bitcoin development, Dorsey announced on Twitter today.
The Securities and Exchange Commission says it has suspended the approval of cryptocurrency and related products after the Central Bank of Nigeria ordered banks to terminate accounts connected to digital currencies.
Nigerian banks have started blocking accounts of customers involved in crypto transactions, many sources are reporting.
North Korea has stolen more than $300 million worth of cryptocurrencies through cyberattacks in recent months to support its banned nuclear and ballistic missile programmes, a confidential UN report said.
Senate President, Ahmed Lawan, and the governor of Lagos State, Babajide Sanwo-Olu, were on Wednesday in Abuja presented with the Honourary Fellowship Award of the Nigerian Institution of Surveyors (NIS) alongside a former Minister of Defence, Brig-General Mansur Dan-Ali (rtd) and the Emir of Nasarawa, HRH Alh. Ibrahim Usman Jibril, at the institution’s 2021 investiture ceremony.
Academic Staff from public institutions across the country have so far accessed over N120 billion for training, within and outside Nigeria, from the Tertiary Education Trust Fund (TETFund) since its inception in 2008.
The Gombe State Government has approved the sum of N1.499 billion for the supply and installation of biometric attendance system to check payroll fraud in the state’s civil service.
The national caretaker/extraordinary convention planning committee (CECPC) of the ruling All Progressives Congress (APC) has disowned a zoning arrangement list in circulation on the social media.
Rome’s Stadio Olimpico has been “fully confirmed” as a venue for Euro 2020 matches after the Italian government guaranteed the presence of at least 25 per cent of fans, UEFA announced on Wednesday.
Celebrity Stylist and model, Toyin Lawani, has lost her dad, Olanrewaju Lawani.
President Muhammadu Buhari has appointed Ambassador Rabiu Dagari as Director-General of the Directorate of Technical Cooperation in Africa (DTCA).
Experts have called on the Federal Ministry of Health (FMOH) to utilise the N126 billion allocated for coronavirus (COVID-19) in the health budget judiciously, to build a resilient health system in the country.
The Ministry of Justice has denied the payment of N5.3billion judgment debt without due process, saying the disbursement of the fund followed laid down procedure.
Hong Kong authorities said on Friday they had seized nearly 9,000 Thai cleaning products suspected to have wrong labelling from a shop founded by a pro-democracy activist facing charges under the city’s contentious national security law.