Brands and Marketing
BREAKING: CBN Governor Set To Unban Bitcoin In Nigeria
CBN Governor is set to unban Bitcoin in Nigeria.
Onyxnews reports that CBN Governor, Godwin Emefiele during the 279th MPR meeting held on Tuesday, May 25 in Abuja assured Nigerians that digital currencies will have a place in the country again.
He said, “We have carried out our investigation and we found out that a substantial percentage of our people are getting involved in cryptocurrency which is not the best. Don’t get me wrong, some may be legitimate but most are illegitimate.”
Under cryptocurrency and Bitcoin, Nigeria comes 2nd while in the global side of the economy, Nigeria comes 27th. We are still conducting our investigation and we will make our data available.”
Emefiele said his concerns surrounding digital assets using the CEO of Tesla, Elon Musk’s uncertainty as an example.
“We saw the market collapse. Initially, when Elon Musk tweeted around the time when we said our banking and payment facilities are no longer available for cryptocurrency transactions and he tweeted that he will invest $1.5 billion and the price (Bitcoin) went up. He now tweeted and raised a few concerns and the thing (Cryptocurrency) plunged.”
SEE ALSO: Chief Of Army Staff’s Death: Tinubu Visits Buhari In Aso Rock
After voicing out his concerns, the CBN governor went ahead to say, “We are committed in the CBN and I can assure everybody that digital currency will come to life even in Nigeria.”
Kano Athletes’ Families Receive N22 Million Donation from Senate Deputy President Amid Mourning
FRSC Mobilises 36,000 Personnel and Equipment for Eid El-Kabir Special Patrol Nationwide
Nasarawa State Government Partners with Security Agencies to Eradicate Illegal Mining
Nigeria’s Flood Crisis Deepens as NEMA Deploys Teams to 15 States, Urges Vigilance and Relocation
President Tinubu Engages Suspended Rivers Governor Fubara in Lagos to Resolve Political Crisis
Flood Ravages Mokwa: President Tinubu Commands Swift Restoration of Key Bridge
UBA Chairman Tony Elumelu Acquires Over N43 Billion in Shares Amid Capital Raise Plans
Grieving Women of Benue Stage Protest Over Rising Killings in Apa LGA
Lagos Government Cracks Down on Illegal Waste Dumping with Heavy Fines and Jail Terms
Niger Flood Not Linked to Dam Water Release, Minister Utsev Clarifies Amid Rising Concerns
-
Headline1 week agoPDP NEC Meeting Postponed Again as Internal Crisis Deepens; Governors, BoT, and Saraki Panel to Meet
-
Headline5 days agoOgun State Shines as National Sports Festival Closes with Presidential Praise
-
Headline6 days agoOgun Athletes’ Protest Over Allowances at National Sports Festival Deemed ‘Impatient’ by State Government
-
Headline1 week agoUCL 2025/26: 27 Clubs Secured Qualification Spot Already (FULL LIST)
-
Headline1 week agoFederal Judge Blocks Trump’s Ban on Harvard’s International Students; Trump Responds
-
Headline1 week agoChildren’s Day 2025: President Tinubu Calls for National Unity Against Bullying, Reaffirms Child Welfare Priorities
-
Headline1 week agoPower Struggle Between Makinde and Wike Threatens PDP’s Stability Ahead of NEC Meeting
-
Headline5 days agoScare at Liberia’s Roberts International Airport as President Boakai’s Plane Suffers Tire Failure
-
Headline1 week agoBayer Leverkusen Secures Erik ten Hag as Head Coach Until 2027
-
Headline1 week agoUS Halts Student Visa Processing Amid Harvard Protests and Visa Revocations