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Moghalu said Nigerians trade in cryptocurrencies because it protects them from the fluctuations in the value of the naira.
Crypto pundits believe the action taken by the CBN was rather detrimental to the growing industry.
The CBN explained in detail its directive to banks to desist from transacting in and with entities dealing in cryptocurrencies.
Here is a ranking of Nigerian banks with the highest social media followers.
The recent crypto prohibition by the CBN has stirred the reactions of Nigerians on social media.
Nigeria was not shortlisted for the Pfizer vaccines by the COVAX global initiative.
Nairametrics' profile focuses on a man who has risen from a humble beginning to become a top player in the Nigerian Aviation industry.
Covid-19, low price to book ratios expose Hotels to possible takeover bids
The endorsement from the Joe Biden Administration was the last obstacle standing the way of the highly revered Nigerian economist.
The apex bank has warned Nigerian banks against having any transactions in cryptocurrencies or facilitating payments for crypto exchanges.
Minority shareholders are growing wary of getting a good return on their investment as the current value of the stock trades at N228.
Experts argue on the pros and cons of FG's decision to sell off some public assets to fund the 2021 budget.