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Tag: CBN

CBN Introduces 0.05% Cybersecurity Levy

Finance/Money Frosti -
The CBN today directed Nigerian banks to charge a 0.5% cybersecurity levy on electronic transfers. CBN intends to implement this...

CBN Increases Banks’ Minimum Capital Base

Finance/Money Frosti -
Yesterday, CBN governor Cardoso released an important memo for Nigerian banks, and this memo has a lot of effect...

CBN’s New Monetary Policy Explained

Finance/Money Frosti -
The Central Bank of Nigeri yesterday hiked the MPC rate, and this move has significant implications for both Nigerian...

CBN Starts Selling Dollars To BDC At ₦1300 to $1

Finance/Money Frosti -
Finally, CBN has resumed selling dollars to the BDC.Walk with me as I analyse what this portends for our...

CBN Issues New Guidelines For BDC Operations In Nigeria

Finance/Money Frosti -
Here are the core highlights of the revised regulatory and supervisory guidelines for Bureau De Change operations in Nigeria:-...

Why Binance, OK, Kucoin And Other Crypto Companies Were Banned In Nigeria

Finance/Money Frosti -
The Central Bank of Nigeria, in conjunction with Nigerian banks, sold $175 million at the floor of the official...

Nigerian Government Bans Binance And Other Crypto Companies

Finance/Money Frosti -
The Nigerian government has banned crypto and forex trading companies like Binance and Octafx from offering their virtual trading...

It Looks Like Yemi Cardoso Will Be Worse Than Emefiele

Finance/Money Frosti -
Appointing Yemi Cardoso as CBN governor appears to be a monumental error by this government. Cardoso, nicknamed Cardi B by...

Why Banks Not Paying Customers Enough Cash?

Finance/Money Frosti -
All the banks in Ikota Complex, VGC are paying maximum of 10k cash only.What is happening please?Who went to...

President Tinubu Appoints New CBN Governor, Dr Olayemi Michael Cardoso

Finance/Money Frosti -
#BREAKING: PRESIDENT TINUBU NOMINATES NEW CBN GOVERNOR AND MANAGEMENT TEAM FOR SENATE SCREENING AND CONFIRMATIONPresident Bola Tinubu has approved...

Banks To Now Require Your Social Media Channels As Part Of KYC

Finance/Money Frosti -
According to the good people at the Central Bank of Nigeria, henceforth, banks in Nigeria are mandated to collect...

10 Major Implications of CBN Naira Exchange Rates Unification

Finance/Money Frosti -
10 major implications of Naira exchange rates unificationWith the Nigerian Naira now exchanging in the official forex market at...

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Rapper Ice Spice clarifies dating rumours with Central Cee

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American rapper, Ice Spice has clarified rumors about her...

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