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Regulate Cryptocurrency Don't Kill It, Osinbajo Tells CBN – Channels Television


Channels Television  
 
Vice President Yemi Osinbajo on Friday said cryptocurrencies should be regulated in Nigeria instead of “killing” it.
He made the remarks during a keynote at the CBN/Bankers Committee’s Initiative for Economic Growth.
The CBN had recently reaffirmed its oppositional stance towards cryptocurrencies, placing huge restrictions on its trade within Nigeria.
According to the CBN, cryptocurrencies are “issued by unknown and unregulated entities” and are increasingly being used to conduct ” many illegal activities including money laundering, terrorism financing, purchase of small arms and light weapons, and tax evasion.”
However, Osinbajo believes the CBN and other oversight agencies should consider regulating the financial technology rather than totally shut it down. ....

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CBN, Vanguard, Bank CEOs, experts hold special summit on ways out of recession


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CBN, Vanguard, Bank CEOs, experts hold special summit on ways out of recession
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By Our Reporter
The Central Bank of Nigeria, CBN, chief executives of banks and other financial experts in Nigeria in Conjunction with Vanguard Newspapers will on Friday, February 26, 2021, hold a one-day Special Summit on  how to overcome the pitfalls of recession and engender enduring national growth path.  The event which will be strictly Covid-19 Compliant will hold at the Eko Hotels and Suites, Lagos at 10.am prompt.
A statement released by the organizers noted that following the  projection in the nation’s budget this year that there is going to be a recession, financial experts want to support the Federal Government, through the instruments at their disposal, to stimulate economic growth. ....

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