The Central Bank of Nigeria (CBN) has prohibited the use of cryptocurrencies within the country warning members of the public of the risks associated with transactions in virtual currencies. In a circular dated February 5, 2021, the CBN further directed Banks and other financial institutions to identify persons and entities transacting in cryptocurrency exchanges within their systems and ensure that such accounts are closed immediately. This is not the first time the CBN is warning…
South Korean Trade Minister Yoo Myung-hee withdrew her bid to lead the World Trade Organisation, leaving former Nigerian Finance Minister Ngozi Okonjo-Iweala as the only remaining candidate for the job, Bloomberg reports Friday. Yoo was said to make the decision after discussions with the United States and other major nations and took various issues into account “comprehensively” including the need to revitalize the multilateral organization, according to a statement from Korea’s trade ministry on Friday.…
MTV Base, organizers of the MTV Africa Music Awards has postponed the event indefinitely. The ceremony was scheduled to hold in Kampala, Uganda in February 2021. In an e-mail sent, organizers of the award said that the postponement was due to the ‘current health and safety challenges.” They wrote, “After careful consideration, MTV Base is concerned that the current health and safety challenges will significantly jeopardize the ability of the campaign to continue to achieve…
Japan’s Gaffe-prone Tokyo Olympics chief apologized on Thursday for making sexist remarks that prompted outrage, but refused to resign and dug a deeper hole when he admitted he didn’t “speak to women much”. Yoshiro Mori’s comments, in which he said women speak too much in meetings, are the latest headache for organizers already battling public disquiet about the pandemic-postponed Games. The 83-year-old former prime minister triggered further criticism when he admitted “I don’t speak to…
Atletico Madrid’s new signing Moussa Dembele has tested positive for Covid-19, the club announced on Thursday. The squad underwent testing on Wednesday, from which “Moussa Dembele had a positive result for Covid-19 in the PCR test,” Atletico said in a statement. “The striker remains isolated at his home, strictly complying with the recommendations of the health authorities and La Liga protocol,” the club added. https://twitter.com/atletienglish/status/1357266120701599752