LAGOS SET TO DEEPEN SUPPORT FOR CREATIVE INDUSTRY, EXPANDS INFRASTRUCTURE - HAMZAT. (PHOTOS). #PRESS RELEASE.

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 LAGOS SET TO DEEPEN SUPPORT FOR CREATIVE INDUSTRY, EXPANDS INFRASTRUCTURE - HAMZAT  Lagos State Deputy Governor, Dr. Kadri Obafemi Hamzat, has pledged that the State Government will continue to partner with stakeholders in the creative industry by strengthening skills development, expanding training opportunities, and providing the necessary infrastructure to support the growth of the sector. Speaking on Tuesday at the Official Commissioning and Grand Opening of Euphoria360 Hub, put in place by one of the Thespians,  Mr. Femi Adebayo, held at Oregun, Lagos, Hamzat said that the State Government is determined to create a sustainable pipeline of skilled creative professionals who could compete and earn globally. According to Hamzat, Lagos has no shortage of talent but needs to provide the right structures and opportunities to harness it. "The state is already investing in creative infrastructure, which includes the development of theatres in Ikorodu, Badagry, among other d...
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CBN BANS CRYTO-CURRENCIES IN NIGERIA.{PHOTO}.#PRESS RELEASE.

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CENTRAL BANK OF NIGERIA
Barking Subpoena Department Centa use Strict PM 0107 Gan Ab
BSOD ORIGINLAB 14/001
February 5, 2021
LETTER TO ALL DEPOSIT MONEY BANKS, NON-BANK FINANCIAL INSTITUTIONS AND OTHER FINANCIAL INSTITUTIONS
The Central of Bank of Nigorta's (CBN) circular of January 12, 2017 ref FPRDIR/GENOIR 08/010 which cautioned Deposit Money Banks (DMBA). Non Bank Financial Institutions (NBFI. Other Financial Institutions (OFis) and members of the pubic on the risk associated with transactions in cryptocurrency refers.
Further to earlier regulatory directives on the subject the Bank hereby wishes to remind regulated Institutions that dealing in cryptocurrencies or facilitating payments for cryptocurrency exchanges in prohibited.
Accordingly, all DBMS. NBFCS and OFis ar directed to identity persons and/or entities transacting in or operating cryptocurrency changes within their systems and ensure that such accounts are closed immediately.
Plande note that breaches of this directive will attract severe regulatory sanctions.
This letter is with immediate effect.
Yours faithfully
BELLO HASSAN
DIRECTOR OF BANKING SUPERVISION
MUSALOH

DİRECTOR PAYMENTS SYSTEM MANAGEMENT DEPARTMENT.

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