Court Orders CBN to Defreeze 20 #EndSars Protesters' Bank Accounts         A federal high court, Abuja on Wednesday ordered the Central Bank of Nigeria (CBN) to immediately defreeze 20 bank accounts linked to protesters and promoters of #Endsars and police brutality. Justice Ahmed Mohammed gave the order...

NLNG Account: Reps Demand Details Of NNPC Withdrawal Of $20bn         Dissatisfied with the defence of the Nigeria National Petroleum Corporation (NNPC) over the audit query on the alleged illegal withdrawal of about $20.3 billion from the Nigerian Liquefied Natural Gas (NLNG) account at the Central...

2.85m Farmers Benefitted From Anchor Borrowers Programme – CBN       About 2.85 million farmers benefitted from the Anchor Borrowers Programme from the inception of the scheme to the end of 2020. According to figures obtained from the Central Bank of Nigeria on Monday, N554.63bn had been disbursed,...

Banks Begin Closure Of Cryptocurrency Accounts       The cryptocurrency traders have commenced offline operations outside approved exchange platforms following the Central Bank of Nigeria (CBN) directive that banks close their accounts. The founder and lead, Cryptopreacher Blockchain Academy, Rume Ophi, yesterday, said commercial banks had notified cryptocurrency...

Naira Depreciates As External Reserves Decline Persists To $36.12bn         The naira last week buckled under the weight of increased dollar demand, depreciatiating in both the parallel market and the Investors and Exporters (I&E) window, even as the nation’s external reserves declined further to $36.12 billion...

CBN Orders The Closure Of Crypto Currency Accounts         The Central Bank of Nigeria (CBN) has directed all Deposit Money Banks (DMBs), Non-Bank Financial Institutions (NBFIs) and Other Financial Institutions (OFls) to close the accounts used for crypto currency operations. The CBN in a circular BSD/DIR/GEN/LAB/14/001 issued...