Business

Nigerian govt orders all PoS operators to register with CAC, reveals deadline

In compliance with the directives of the Central Bank of Nigeria, the Nigerian government has mandated that all point-of-sale operators…

3 years ago

NGX makes gain after losing N3.53tn in April

The Nigerian Stock Exchange Limited saw its first weekly gain, following a N3.54 trillion loss in April 2024.  This is…

3 years ago

Nigeria’s currency in circulation hits N3.87tn Q1 as money outside bank surges

By the conclusion of the first quarter of 2024, money outside the banking system had expanded to the tune of…

3 years ago

CBN governor, Cardoso reveals why there’s hyper food inflation

According to Olayemi Cardoso, the governor of the Central Bank of Nigeria (CBN), one factor driving the nation's skyrocketing food…

3 years ago

NDIC tells depositors what next to do amidst fraud

Depositors are urged by the Nigeria Deposit Insurance Corporation (NDIC) to only use deposit banking institutions that hold a licence…

3 years ago

Nigerian banks close 2 million accounts over BVN, NIN, others

In the first quarter of 2024, or Q1’24, at least 2 million bank accounts were closed by Nigerian commercial banks.…

3 years ago

Naira gains against dollar at official forex market

At the official foreign exchange market this week, the naira saw its first increase versus the US dollar.  According to…

3 years ago

Illicit FX transaction: Opay breaks silence over CBN restriction

Following the latest limitation by the Central Bank of Nigeria, Opay, a financial technology bank in Nigeria, announced that it…

3 years ago

Naira loses N79 to dollar

At the official foreign exchange market, the value of the naira decreased by N79.88 relative to the US dollar.  The…

3 years ago

Why rice price is decreasing in Nigeria – Millers

According to the Association of Rice Millers, the countrywide drop in rice prices is caused by the reopening of the…

3 years ago