Why Nigerians trade in crypto, $500m worth of bitcoin traded in 5 years by Nigerians -Moghalu

A former Deputy Governor of the Central Bank of Nigeria (CBN), Kingsley Moghalu, has said that $500 million worth of Bitcoin has been traded in Nigeria within the last 5 years.

This is as the former Presidential Candidate, who was once in charge of the financial systems directorate at the CBN said that many Nigerians trade in these cryptocurrencies because it protects them from the fluctuations in the value of the naira.

NAOSNP Felicitates With New Service Chiefs

...........task them on terrorism, restoration of peace, security

The National Association of Online Security News Publishers (NAOSNP) wishes to congratulate the newly appointed Service Chiefs and at the same time, bid the outgone Service Chiefs farewell for their various contributions to National Security.

THE CASE OF UBANI AGAINST THE FEDERAL GOVERNMENT IN SIM DE-ACTIVATION ADJOURNED FOR JUDGEMENT TO 8TH OF FEBRUARY

The nation was jolted recently when Nigerian Communication Commission rolled out new measures for mobile phone SIM users which include compulsory update of their SIMS with valid National Identification Number.

The Commission took the following decisions and insisted that it should be implemented by all Network Operators. They are:

BREAKING: CBN orders banks to close cryptocurrency accounts

The Central Bank has ordered banks and other financial institutions to identify persons and entities operating cryptocurrency exchanges and close all such accounts.

It stated that dealing with cryptocurrencies and facilitating payments through them are illegal in the country.

Covid-19: UK daily coronavirus cases top 60,000 for first time

The number of new daily confirmed cases of coronavirus in the UK has topped 60,000 for the first time since the pandemic started.

According to government figures on Tuesday, the number of people who have tested positive reached 60,916.

A further 830 people have died within 28 days of a positive test, up from 407 on Monday.

FG increases electricity tariff again

The Federal Government has again increased the electricity tariff payable by power consumers across the country.

Approval for the hike in tariff was given by the Nigerian Electricity Regulatory Commission, as the increase which varies based on different consumer classes took effect from January 1, 2021.

Sowore arrives court in handcuffs

A human rights activist and publisher of SaharaReporters, Omoyele Sowore, wore handcuffs when he arrived at the Chief Magistrates’ Court sitting in Wuse Zone 2, Abuja on Tuesday.

Reports had it that the court, presided over by Chief Magistrate Mabel Segun-Bello, would hear the bail application by Sowore and four other activists.