Central bank of Nigeria (CBN) via the CBN governor Godwin Emefiele has urged Nigerians to deposit told naira notes in exchange for new notes in the bank as old notes will cease to be legal at the end of January 2023. In an announcement he made on the 25 th of January 2023, he said… "I must say here that unfortunately, I don’t have good news for those who feel that we should shift the deadline. My apologies. The reason is because we feel 100 days should be enough for those who have the old currency to deposit the money in the banks…100 days, we believe is more than adequate". Recall that the new naira notes started circulating on December 15 2022 after its announcement by the CBN governor Godwin Emefiele. although, there has been reports about the new naira notes fading due to contact with water.
Coinbase will buy $500 million in crypto on its balance sheet and allocate 10% of its quarterly profits into a crypto assets portfolio, company executives announced late Thursday. The company plans to invest in “ Ethereum , Proof of Stake assets, DeFi tokens, and many other crypto assets supported for trading on our platform,” becoming the first public company to do so, finance chief Alesia Haas said in a blog post . CEO Brian Armstrong first revealed the brokerage’s plans in an earlier tweet, saying he expects the allocation to grow as the market matures. He also indicated the company’s ambitions to diversify its crypto services and operations, which mostly center around trading. “Hopefully over time we can operate more of our business in crypto,” Armstrong said on Twitter . “Today it is still a mix.” The price of bitcoin climbed higher on the news, passing $47,000 on Friday after sitting below $45,000 the previous two days. Coinbase sha...