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Nigerians Are Using Bitcoin to Bypass Trade Hurdles With China

Story from Tech (Ayoola Salako/Unsplash)Alyssa Hertig Chukwuemeka Ezike sends thousands of dollars worth of bitcoin a month in order to trade with Chinese exporting companies. In return, he receives spare auto parts, construction equipment, and juices for a family business his father started more than 30 years ago. Ezike works full-time at Singapore-based crypto exchange Huobi asContinue reading “Nigerians Are Using Bitcoin to Bypass Trade Hurdles With China”

FINANCIAL SERVICESCBN wants to be able to freeze bank accounts linked to suspected criminals

“This omission erodes the powers of the CBN and creates a huge gap in the regulatory and resolution framework.” CBN, CBN sandbox operations, Stirling Trust Company LimitedSHARETWEET The Central Bank of Nigeria (CBN), yesterday, demanded statutory powers from the Nigerian Senate that will enable it to freeze bank accounts that are linked to criminal suspects.Continue reading “FINANCIAL SERVICESCBN wants to be able to freeze bank accounts linked to suspected criminals”