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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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On-Loan Manchester United Goalkeeper André Onana Involved in Multi-Car Crash in Türkiye

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On-Loan Manchester United Goalkeeper André Onana Involved in Multi-Car Crash in Türkiye—-The Cameroon international was involved in a road accident after Trabzonspor’s victory over Hearts, with reports indicating that he and his family escaped without injuries.

Manchester United goalkeeper André Onana has been involved in a multi-vehicle road accident in Türkiye while returning home following Trabzonspor’s 2–0 victory over Scottish club Hearts in the UEFA Conference League.

The incident occurred on Thursday night, October 22, in the Yomra district of Trabzon, according to Turkish media reports. Onana, who is currently on loan at Trabzonspor from Manchester United, was travelling with members of his family when the accident happened.

How the Accident Happened

According to reports from Turkish news outlet 61 Saat, another vehicle struck the rear of the car driven by Onana, forcing it into a vehicle travelling in front.

The collision resulted in a chain accident involving multiple vehicles. Onana’s family was reportedly inside the car at the time.

Fortunately, reports indicated that the goalkeeper and his family escaped the incident without injuries.

Onana’s Condition Confirmed

Trabzonspor president Ertuğrul Doğan reassured supporters about the Cameroonian goalkeeper’s condition following the incident.

Doğan confirmed that Onana was in good condition and wished him a speedy recovery.

Some media reports stated that the goalkeeper was taken to hospital for medical examinations and subsequently discharged. However, other reports said he escaped without injury, and a detailed medical report had not been publicly released at the time of publication.

Accident Came After Trabzonspor Victory

The incident happened only hours after Onana helped Trabzonspor secure a 2–0 victory over Hearts in the UEFA Conference League.

The Cameroon international featured in the match before setting off for home, where the accident occurred.

Onana joined Trabzonspor on loan from Manchester United in 2025 as he continued his career in Turkish football.

Latest Update

As of Friday, October 23, reports indicate that Onana and his family are safe following the accident.

Further details about the collision, including any official investigation findings, have not been confirmed publicly.

The key update is that Onana is reported to be in good condition, despite the frightening incident.

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BREAKING: Declan Rice Fires Late Equaliser as Arsenal Hold Bayern Munich at Allianz Arena

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BREAKING: Declan Rice Fires Late Equaliser as Arsenal Hold Bayern Munich at Allianz Arena—-The England midfielder struck in the 82nd minute to earn Arsenal a dramatic 2-2 draw against Bayern Munich after Harry Kane had put the German champions ahead from the penalty spot.

Arsenal produced a spirited late comeback to secure a 2-2 draw against Bayern Munich at the Allianz Arena on Wednesday night, with Declan Rice scoring a crucial equaliser in the 82nd minute of their UEFA Champions League encounter.

The Gunners looked set to suffer their first defeat of the league phase after Harry Kane converted a second-half penalty to give Bayern the lead. However, Rice delivered a timely response to ensure Mikel Arteta’s side left Germany with a valuable point.

Eze Gives Arsenal the Lead

Arsenal suffered an early setback when Bukayo Saka was forced off with an injury after approximately 10 minutes.

Eberechi Eze replaced the England winger and made an immediate impact, opening the scoring in the 25th minute after receiving a superb pass from Martin Ødegaard.

Eze drove forward before firing into the bottom corner. The goal was initially ruled out for offside, but a VAR review confirmed the effort, giving Arsenal a 1-0 advantage.

Bayern responded through Alphonso Davies, who levelled the contest in the 35th minute after a brilliant through ball from Kane.

Kane Puts Bayern Ahead

The contest remained finely balanced after the interval, with both goalkeepers making important saves to keep their teams in the game.

Bayern eventually took the lead in the 61st minute when Kane converted a penalty after Jurriën Timber handled the ball inside the area.

The former Tottenham striker calmly dispatched the spot kick, putting the hosts 2-1 ahead and leaving Arsenal facing the prospect of defeat.

Kane’s goal also extended his remarkable scoring run in the Champions League to 10 consecutive matches.

Rice Rescues a Point for Arsenal

With time running out, Arsenal found their breakthrough through a well-worked attacking move.

Noni Madueke and Viktor Gyökeres combined in the build-up before Rice surged into the penalty area and fired a low finish beyond Manuel Neuer from an acute angle.

The 82nd-minute strike restored parity at 2-2 and silenced the home crowd, giving Arsenal renewed belief as they pushed for a late winner.

Despite further pressure from the visitors, neither side managed to find another goal, and the points were shared.

Arsenal Maintain Unbeaten Champions League Run

The draw extended Arsenal’s unbeaten run in the Champions League league phase and took their tally to seven points from three matches, following victories over Napoli and Lille.

Bayern, meanwhile, were left frustrated after surrendering their lead late in the contest.

For Arsenal, Rice’s equaliser represented a significant moment in a demanding away fixture, while Eze’s contribution after replacing the injured Saka provided another positive from the encounter.

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