eNaira: company sues CBN for trademark infringement, launch date rescheduled


The official website of the upcoming Central Bank of Nigeria’s (CBN) digital currency, the eNaira website, has gone live, exactly one week to the planned launch of the initiative. Records one million hits in days after unveiling according to analytics Surprisingly, 24-hours after the eNaira website went live, it has recorded over one million hits, … Read more

CBN freezes accounts of digital stock trading platforms Chaka, Risevest, Trove, Bamboo: Is your investment safe?


What’s CBN angry about now? The Central Bank of Nigeria has issued a temporary court order to freeze the bank accounts of these digital stock trading platforms Bamboo, Risevest, Trove, and Chaka for the next six months. Now the question you may want to ask is what happened? Why the hard knock? CBN alleges that … Read more

E-Naira: Everything you need to know about the new Central Bank Digital Currency


After several months of speculations, the Central Bank of Nigeria is finally coming out with more details about the much anticipated central bank digital currency “the e-Naira”.  Nigeria’s apex bank, has released new guidelines on how eNaira, a state-supported digital currency, will be regulated, designed, and issued.  Talks about a digital currency started a few … Read more

Nigerian SEC Vs Investment Companies in Nigeria

investment companies in Nigeria

Nigeria Capital market regulator Securities and Exchange Commission (SEC) on April 8, 2021, released a circular issuing a strong warning to both intending investors and unregistered online trading investment companies in Nigeria, which boast of facilitating access to securities and foreign based Investment. In a circular released on the Commission’s website, instructed unlicensed investment platforms … Read more