E-Business
Nigeria Lifts Ban on Bank Accounts for Crypto Firms

Nigeria has lifted the ban on bank accounts for cryptocurrency firms, signaling a pivotal shift in the country’s stance towards digital assets.

The move is expected to catalyze a surge in cryptocurrency usage, unlocking new opportunities for the burgeoning crypto industry in Nigeria.
The Central Bank of Nigeria (CBN), in collaboration with relevant regulatory bodies, has outlined a framework to ensure responsible and secure crypto transactions.
This regulatory clarity is expected to provide a conducive environment for the industry to thrive while mitigating potential risks.
This decision comes after months of deliberation and a recognition of the transformative potential that cryptocurrencies hold for the nation’s economy.
By allowing crypto firms access to bank accounts, Nigeria is embracing innovation and positioning itself to harness the benefits of this rapidly evolving digital landscape.
Investors and entrepreneurs operating in the crypto space are now presented with a fresh opportunity to contribute to the country’s economic growth.
The newfound freedom for crypto firms to access bank accounts is poised to attract both domestic and international players, fostering a vibrant ecosy.
The lifting of the ban is a strategic response to the growing global trend of adopting and integrating cryptocurrencies into mainstream financial systems.
Recognizing the need to adapt to the changing financial landscape, Nigeria is now poised to capitalize on the advantages offered by cryptocurrencies, such as faster and more cost-effective cross-border transactions.
One of the immediate impacts of this policy shift is expected to be a surge in the usage of cryptocurrencies across the country. With crypto firms gaining access to traditional banking services, more Nigerians are likely to explore and adopt digital assets as a viable means of financial transactions.
This surge in usage could lead to a more inclusive financial ecosystem, offering greater accessibility to those who were previously excluded from traditional banking services.
Furthermore, lifting the ban is a clear signal that Nigeria is positioning itself as a forward-thinking player in the global digital economy.
The move is likely to attract cryptocurrency businesses and investors, fostering innovation and economic growth within the country.
As a result, Nigeria could emerge as a hub for cryptocurrency-related activities, creating a conducive environment for startups and established firms alike.
While the decision is a positive step towards embracing the potential of cryptocurrencies, it also underscores the need for robust regulatory frameworks.
Striking a balance between fostering innovation and ensuring consumer protection will be crucial in navigating the evolving landscape of digital assets.
Nigeria’s regulatory authorities are expected to closely monitor the industry, providing guidance to ensure responsible and sustainable growth.
The lifted ban comes at a time when global discussions around the regulation of cryptocurrencies are intensifying. Nigeria’s move adds to the ongoing dialogue about how nations can best harness the benefits of digital assets while addressing potential risks.
Collaborative efforts at both the national and international levels will be essential in shaping a cohesive regulatory framework that fosters innovation without compromising security.
As Nigeria embraces the era of decentralized finance, the lifting of the ban is not just a regulatory adjustment but a strategic move towards positioning the country as a hub for crypto innovation in the African continent.
The ripple effects of this decision are likely to be felt for years to come, shaping the trajectory of Nigeria’s financial landscape in the digital age.
In conclusion, Nigeria’s decision to lift the ban on bank accounts for crypto firms marks a significant milestone in the country’s journey towards embracing the digital economy.
The anticipated surge in cryptocurrency usage presents opportunities for economic growth, financial inclusion, and innovation. As Nigeria navigates this dynamic landscape, careful regulatory oversight will be crucial to ensure the responsible development of the cryptocurrency industry, setting the stage for a more inclusive and technologically advanced financial future.
Credit : techstory.in
E-Business
Lagos Unveils Cybersecurity Guidelines to Tackle Rising Digital Threats

Lagos state government has unveiled a comprehensive set of cybersecurity guidelines designed to enhance digital safety for businesses, public institutions, and residents across the state.

Babajide Sanwo-Olu, Lagos State Governor
Gbenga Omotoso, commissioner for Information and Strategy, said the initiative represents a significant step in Lagos’ ambition to establish itself as a smart, secure, and globally competitive digital hub.
He noted that as one of Africa’s fastest-growing technology ecosystems, Lagos is increasingly exposed to cyber threats, necessitating stronger and more coordinated security measures.
Citing data from the National Information Technology Development Agency (NITDA), Omotoso, said Nigeria loses over $500 million (about N250 billion) annually to cybercrime, emphasizing the urgency of proactive interventions.
According to him, while the state’s transition into a smart city offers vast opportunities, it also heightens vulnerability to digital attacks.
“The guidelines, available online, provide practical and scalable recommendations for small businesses, large enterprises, and Ministries, Departments, and Agencies (MDAs),” he said.
He added that the framework aligns with key national regulations, including the Cybercrime Act (2024), the Nigeria Data Protection Act (2023), and the National Cybersecurity Policy and Strategy (2021).
Omotoso emphasised that the document is not intended as a regulatory instrument but rather as a resource to equip stakeholders with actionable and context-specific guidance.
He reiterated the state government’s commitment to fostering a secure digital environment that supports innovation, attracts investment, and strengthens public confidence.
The commissioner commended the Lagos State Cybersecurity Advisory Council, led by Prof. Fene Osakwe, for its contribution to the development of the guidelines, and also acknowledged Tubosun Alake, commissioner for Innovation, Science and Technology, for his support.
He added that the framework is expected to boost collaboration between the public and private sectors, enabling organisations, from small enterprises to multinational firms, to operate more securely.
Omotoso further noted that the guidelines would be reviewed periodically to keep pace with emerging threats and evolving technologies, stressing that cybersecurity remains central to Lagos’ digital transformation agenda.
E-Business
Laundry Without Interruptions: Why LG Auto Restart Washing Machines Are Perfect for Nigerian Homes

In many Nigerian households, laundry day often comes with an added challenge, unpredictable power supply. A washing cycle that suddenly stops due to a blackout can leave clothes half-washed, soaked, and inconveniently delayed. For families with busy schedules, restarting laundry from scratch is not just frustrating, it wastes time, water, and electricity.

LG Electronics addresses this everyday concern with a simple but powerful innovation: the Auto Restart feature in LG Twin Tub Washing Machines. Designed with real-life Nigerian conditions in mind, this feature ensures your laundry continues seamlessly, even after an unexpected power outage.
Understanding the Auto Restart Feature in LG Washing Machines
The Auto Restart feature allows an LG washing machine to automatically resume its wash cycle from the exact point it stopped when power is interrupted. Instead of resetting the cycle or requiring manual input, the machine retains the previous settings and continues washing once electricity is restored.
This intelligent design removes the need to:
- Restart the wash cycle manually
- Guess how long the clothes were already washed
- Repeat washing unnecessarily
For households experiencing frequent power cuts, Auto Restart turns a common inconvenience into a non-issue.
Why Power-Friendly Washing Machines Matter in Nigeria
Power outages remain part of daily life across many parts of Nigeria. From urban centres to rural communities, sudden electricity interruptions can disrupt household routines, especially when appliances are running.
Traditional washing machines often reset completely after power failure. This can result in:
- Incomplete washing
- Over-washing clothes when cycles are restarted
- Increased water and electricity usage
- More time spent monitoring the laundry
LG’s Auto Restart feature is designed specifically to overcome these challenges, making it a highly practical solution for Nigerian homes.
Key Benefits of LG Auto Restart for Nigerian Households
- Uninterrupted Laundry Experience
With Auto Restart, you don’t need to stay close to your washing machine or worry about power restoration while you’re away. The machine takes care of itself and resumes washing automatically.
- Saves Time, Water, and Energy
Restarting a wash cycle means using extra water and electricity. Auto Restart ensures that no part of the wash is wasted, helping households operate more efficiently.
- Protect Your Clothes
Repeated washing or incorrect restarting can lead to fabric wear. By continuing from the correct wash stage, LG Auto Restart helps maintain proper fabric care.
- Ideal for Busy Families and Professionals
Whether you’re managing a large household or balancing work and home responsibilities, Auto Restart ensures laundry doesn’t become another task that demands constant attention.
LG Twin Tub Washing Machines: Built for Real Living
LG Twin Tub Washing Machines are widely appreciated in Nigeria for their durability, affordability, and strong washing performance. Combined with Auto Restart, these machines become even more responsive to local household needs.
Other features include:
- Powerful wash action for tough stains
- Separate wash and spin tubs for greater control
- Long‑lasting build quality designed for frequent use
- Efficient water usage, especially useful in water‑conscious households
These qualities make LG Twin Tub washing machines a popular choice among Nigerian consumers looking for reliability and value.
Ideal Washing Machine for Areas with Frequent Power Outages
If you live in an area where electricity supply can be unpredictable, choosing a washing machine with Auto Restart is no longer optional but it’s essential. LG washing machines with Auto Restart are especially suitable for:
- Homes with irregular power supply
- Large families with frequent laundry needs
- Users who value convenience and efficiency
- Households looking to reduce water and energy waste
Why LG Washing Machines Stand Out in Nigeria
LG continues to be a trusted name in home appliances across Nigeria due to its focus on durability, smart features, and customer-centric innovation. By designing washing machines that work reliably under local conditions, LG reinforces its position as a brand that understands and responds to everyday challenges.
From Auto Restart technology to powerful wash performance, LG washing machines provide practical solutions that simplify daily life.
Final Thoughts: Less Stress, More Control Over Laundry
Laundry should not depend on the perfect electricity supply and with LG Auto Restart washing machines, it doesn’t have to. By automatically continuing wash cycles after power outages, LG helps Nigerian households enjoy greater convenience, efficiency, and peace of mind.
For anyone searching for the best washing machine for power cuts in Nigeria, LG washing machines with Auto Restart offer a smart, reliable, and stress‑free solution – every wash, every time.
For more information, visit https://www.lg.com/africa/twin-tub-washing-machines
E-Business
Access Holdings, Coronation Partner Tate Modern to Spotlight Nigerian Modernism

Access Holdings Plc and Coronation Group have partnered with Tate Modern to commemorate World Art Day with a virtual session highlighting the global significance of Nigerian modernism.

Access Holdings
The event, titled “In Conversation with Osei Bonsu: Inside Nigerian Modernism,” featured a virtual tour of the Nigerian Modernism exhibition and discussions on the evolution of modern art in Nigeria.
The session brought together staff members across both organisations, reflecting growing institutional engagement with arts and culture as a driver of societal development.
Speaking at the event, Chief Communications and Marketing Officer of Coronation Group, Ngozi Akinyele, emphasised the role of art in shaping identity and national development.
She said that beyond financial capital, cultural and intellectual capital are essential in defining a nation’s prosperity and inspiring dialogue.
Akinyele noted that both organisations were committed to democratising access to art, ensuring it is accessible to a wider audience rather than a select few.
The discussion also featured insights from Tate Modern Curator, Osei Bonsu, and art expert Daniel Wallis, who examined the development of Nigerian modernism and its global relevance.
Bonsu said Nigerian modernism represents an independent reimagining of global art, rooted in the country’s diverse cultural heritage and expressed through unique visual languages.
According to him, the movement challenges narrow, Eurocentric definitions of modernism and highlights the richness of African artistic expression.
The session further underscored the growing international recognition of Nigerian art, particularly through exhibitions at Tate Modern.
Participants also reflected on the visit of Bola Ahmed Tinubu to the exhibition, described as a milestone in promoting Nigeria’s cultural heritage globally.
In his closing remarks, Chief Communications Officer of Access Holdings, Amaechi Okobi, reaffirmed the organisation’s commitment to advancing African narratives on the global stage.
He said the collaboration with Tate Modern aligns with broader efforts to promote dialogue, preserve cultural identity and support the creative sector.
The event reinforced a shared commitment by Access Holdings, Coronation Group and Tate Modern to elevate African art globally and ensure Nigerian cultural narratives continue to shape international conversations.
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