Experts and crypto enthusiasts have lamented the current ban on Binance naira operations in Nigeria, stating it may increase youth unemployment in the country. In separate interviews with The PUNCH, the experts called on the government to look for better means of managing the country’s current foreign exchange challenges. An economist with Lotus Beta Analytics, Shedrach Israel, said that the …

The Central Bank of Nigeria (CBN) is evaluating a new set of guidelines to protect the financial system in a follow-up to the recent ban on certain cryptocurrencies in Nigeria, according to The Nation. The apex bank may authorise Bureaux De Change Operators (BDCs) to resume forex transactions at the Nigerian Autonomous Foreign Exchange Market (NAFEM) – the official market …

An Africa-centric integrated alternative payment and e-commerce company, Patricia Technologies Limited has said it would continue with its plans to start repaying its customers from 20th November despite the withdrawal of the appointed escrow manager, DLM Trust. In a statement by its CEO/Founder, Hanu Fejiro, Patricia Technologies said that it was “shocked by DLM Trust Company’s sudden and unilateral decision …