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Binance's Operations Deemed Unlawful By Nigeria's SEC, Investors Cautioned On Risks
Monday, July 31, 2023 - 12:08pm | 412Nigeria's Securities and Exchange Commission (SEC) has reiterated that the activities of Binance (CRYPTO: BNB), a leading cryptocurrency exchange, are illegal in the country. The regulator has issued a warning to the public about the risks associated with investing in crypto-assets and other...
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This African Country May Soon Accept Cryptocurrencies As Investment Capital
Monday, December 19, 2022 - 12:10pm | 409New legislation is being drafted in Nigeria that would recognize cryptocurrencies as investment capital, according to a report by the local news portal Punch. The Central Bank of Nigeria (CBN) and Nigeria’s Securities and Exchange Commission will have specific responsibilities for...
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Nigeria Prohibits ATM Cash Withdrawals Of Over $225 Per Week To Promote CBDC Use
Wednesday, December 7, 2022 - 2:59pm | 476Nigeria has dramatically curtailed the amount of cash that individuals and businesses can withdraw from ATMs. The move is part of the country's "cash-less Nigeria" strategy and an effort to promote the eNaira, Nigeria's central bank's digital currency (CBDC). What Happened: On...
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Best And Worst ETFs Of The Week Amid New Commodity Lows
Monday, November 10, 2014 - 3:45pm | 511The stock market hit new all-time highs this past week, driven by supportive economic data and seasonal strength that has extended the recent rally into the first days of November. However, the same can’t be said for commodities, which fell to their lowest levels of 2014 amid a...