The Central Bank of Nigeria (CBN) has reversed its earlier decision to ban banks and financial institutions from transacting in cryptocurrencies, acknowledging the global trend towards regulating digital assets. The bank issued a new circular on December 22, outlining the rules and requirements for firms dealing in crypto assets. The CBN imposed a ban on Read More…
Tag: regulation
E-hailing drivers want protection, ask for industry regulation
The Professional E-Hailing Drivers and Private-Owners Association of Nigeria (PEDPAN) has demanded that the business be properly regulated in order to guarantee worker protection, promote employee welfare, and draw in the required investors. The group made the request in a statement released on Wednesday in Lagos and signed by its National Publicity Secretary, Mr. Jossy Read More…
Lai Mohammed still insists on regulation of social media, says it’s a global problem
Unrestrained use of social media and other digital platforms, according to Alhaji Lai Mohammed, Minister of Information and Culture, is causing significant issues on a worldwide scale. At a session to welcome guests to the Global Media and Information Literacy Week happening in Abuja, the minister reaffirmed this position. 193 UNESCO member nations are participating Read More…