WORLD

IMF Supports Nigeria’s Ban On Cryptocurrencies, Cautions On Country’s Debt Profile

The International Monetary Fund (IMF) has confirmed that some cryptocurrencies were being used for money laundering and drug trafficking. Taking a similar stance on cryptocurrency as the Central Bank of Nigeria (CBN), the IMF cautioned against the use of digital currencies. It explained that cryptocurrencies remain a concern not just to the Central Bank of Nigeria (CBN) but to other regulators across the world. The IMF Resident Representative for Nigeria, Ari Aisen, made this known on Wednesday during a virtual briefing on the recentl

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BUSINESS

Cryptocurrency: ‘Central Banks Under Pressure To Create Digital Money’

Following the sudden rise in value and acceptability of cryptocurrencies and the search by investors for alternative places to put their money, 60 per cent of Central Banks across the globe are under pressure to issue sovereign digital currency. An economist and Chief Executive Officer, Global Analystics Tope Fasua, who disclosed this at the February edition of the Finance Correspondents Association of Nigeria (FICAN) monthly forum in Lagos, said though no banker to the government will support cryptocurrency; they have no option than to beg

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POLITICS

Some of us were born into wealth and have never lacked it, PDP governments persecuted me for seven years – FFK speaks on rumours of his defection to APC

Former Minister of Aviation, Femi Fani-Kayode has again commented on rumours of his planned defection to the All Progressives Congress.  FFK in a Facebook post he shared, said he never told anyone he was joining APC neither did he say he was going to remain in PDP which he claimed prosecuted him for seven years and also tried to jail him. The politician who described himself as the voice of the voiceless and warrior, also countered claims of speaking to two APC Governors because he was broke by stating that he was born into wea

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