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CBN Lift Ban On Cryptocurrency

Nigerians Rejoice As CBN Lift Ban On Cryptocurrency Transactions

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Nigerians Rejoice As CBN Lift Ban On Cryptocurrency Transactions —The Central Bank of Nigeria (CBN) has lifted the  ban it imposed two years ago on cryptocurrency transactions in the Nigerian banking system.

The CBN announced the reversal of the policy in a circular by Haruna Mustapha, its Director, Financial Policy and Regulation.

Mustapha said that the apex bank would now provide regulations for financial institutions on how to manage cryptocurrency to avoid misuse.

The News Agency of Nigeria (NAN) recalls that the CBN issued a circular in February 2021, restricting banks and other financial institutions from operating accounts for cryptocurrency service providers.

The then CBN Governor, Godwin Emefiele, had announced that the restriction was necessary in view of the money laundering and terrorism financing risks posed by cryptocurrency.

Emefiele also said that the vulnerability inherent in cryptocurrency operations, as well as the absence of regulation and consumer protection measures were also responsible for the policy.

According to Mustapha, current global trends have shown that there is need to regulate the activities of Virtual Assets Service Providers (VASPs) which include cryptocurrencies and crypto assets.

“Following this development, the Financial Action Task Force (FATF) also updated its recommendation to require VASPs to be regulated, to prevent misuse of virtual assets.

“In view of the foregoing,  the CBN hereby issues this guidelines to provide guidiance to financial institutions under its regulatory purview in respect of their relationship with VASPs in Nigeria.

“The guidelines supersedes the CBN circular of Feb. 5, 2021on the subject,” the director said.

He, however, warned that banks and other financial institutions were still prohibited from holding, trading or transacting in cryptocurrencies on their own account.

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BREAKING: Crystal Palace Sack Pierre Sage After Just 16 Matches in Charge

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BREAKING: Crystal Palace Sack Pierre Sage After Just 16 Matches in Charge—-The Eagles dismiss the Frenchman after winning only two of their opening 10 Premier League matches, leaving the club bottom of the table following four consecutive league defeats.

Crystal Palace have officially sacked manager Pierre Sage following a disappointing start to the 2026/27 campaign, bringing his short spell at Selhurst Park to an end after just 16 matches.

The club confirmed the Frenchman’s departure on Thursday, November 12, less than five months after appointing him as Oliver Glasner’s successor in June.

Sage’s dismissal follows a disappointing run of results that has left Palace bottom of the Premier League table, with only seven points from their opening 10 matches.

In an official statement, Crystal Palace thanked Sage and his coaching staff for their efforts during their time at the club and wished them well for the future.

Three members of his backroom team, Jamal Alioui, Damien Della Santa and Sandy Guichard, have also left the club.

Poor Premier League Form Costs Sage His Job

Sage managed just two victories and one draw from his first 10 Premier League matches, with seven defeats leaving Palace in serious trouble.

His final match in charge was Sunday’s 3-1 home defeat against Liverpool at Selhurst Park, which extended the Eagles’ losing streak in the league to four matches.

Palace have also conceded 24 goals in their opening 10 league fixtures, giving them the worst defensive record in the division.

The disappointing run followed an earlier 5-0 defeat against Brighton, which intensified pressure on the Frenchman and raised questions about his ability to turn the club’s fortunes around.

Thomas Frank Emerges as Leading Replacement Candidate

Following Sage’s dismissal, former Tottenham Hotspur and Brentford manager Thomas Frank has emerged as the leading candidate to take over at Selhurst Park.

The Danish tactician was considered by Crystal Palace during their managerial search in the summer before the club eventually appointed Sage.

Frank remains without a club after being dismissed by Tottenham in February and could now be considered for another Premier League opportunity.

Former Everton manager Sean Dyche and Vítor Pereira have also been mentioned among the possible alternatives.

However, Crystal Palace have yet to officially announce Sage’s successor, stating that an update on the appointment process will be provided in due course.

A Disappointing End to Sage’s Premier League Adventure

Sage arrived at Crystal Palace with an impressive reputation after his successful spell at French club Lens, where he helped the team achieve significant domestic success.

His appointment was expected to provide continuity following Glasner’s departure, but the results have failed to meet expectations.

The Frenchman now leaves Selhurst Park after only 16 matches, with Palace facing the challenge of finding a replacement capable of lifting the club away from the bottom of the Premier League table.

The Eagles are scheduled to return to league action against Coventry City on November 21, giving the club an opportunity to make a managerial appointment during the international break.

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BREAKING: Manchester United Sack Michael Carrick After Just 10 Premier League Matches

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BREAKING: Manchester United Sack Michael Carrick After Just 10 Premier League Matches—The Red Devils part ways with their head coach following a disastrous start to the 2026/27 campaign that has left the club in the Premier League relegation zone.

Manchester United have officially relieved Michael Carrick of his duties as first-team head coach following a disappointing start to the 2026/27 Premier League season.

The decision, announced on Thursday, November 12, comes after United managed just one victory in their opening 10 league matches, leaving the Old Trafford side 18th in the standings with eight points.

Carrick’s dismissal follows a disappointing run of results that has placed the club in serious danger of slipping further into the relegation battle.

According to reports, the club’s hierarchy concluded that a managerial change was necessary after reviewing the team’s performances and results.

Poor Results Cost Carrick His Job

Manchester United’s difficult campaign has been characterised by inconsistent performances, defensive problems and an inability to secure victories.

The team’s disappointing run included a 2-0 defeat against Chelsea and a 3-0 home loss to Bournemouth, before a dramatic 4-4 draw against Aston Villa in Carrick’s final match.

Despite recovering from two goals down to claim a point against Villa, the result was insufficient to convince the club’s decision-makers to retain the former midfielder.

United have recorded just three victories in 15 matches across all competitions under Carrick this season, with only one coming in the Premier League.

From Champions League Qualification to Relegation Trouble

Carrick’s departure represents a dramatic turnaround from his successful initial spell at Old Trafford.

Appointed in January 2026 following Ruben Amorim’s dismissal, the former Manchester United midfielder made an immediate impact, guiding the club to a third-place Premier League finish and Champions League qualification.

His impressive results earned him a permanent contract in May, running until 2028.

However, the momentum from last season failed to carry into the new campaign, with United struggling to reproduce the performances that had initially secured Carrick’s position.

Mauricio Pochettino Linked With Manchester United Job

Following Carrick’s dismissal, former Tottenham Hotspur, Chelsea and Paris Saint-Germain manager Mauricio Pochettino has emerged as the leading candidate to take over at Old Trafford.

Reports from Sky Sports indicate that Manchester United have reached an agreement with the current United States national team coach, although arrangements surrounding his departure from the national team remain to be completed.

The club has stated that it intends to appoint a permanent successor as quickly as possible.

Another Managerial Change at Old Trafford

Carrick becomes the latest manager to depart Manchester United since Sir Alex Ferguson’s retirement in 2013.

His dismissal once again raises questions about the club’s managerial stability and its continued struggle to establish a consistent direction.

For Carrick, the departure marks a disappointing end to a tenure that began with considerable promise but ultimately unravelled after a disastrous start to the new season.

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