Finance & Economy
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CBN Kickstarts Strategy To Double Forex Remittances
The Central Bank of Nigeria (CBN) has activated plans to double foreign-currency remittance flows through formal channels by granting Approval-in-Principle…
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Nigeria’s Headline Inflation Increased by 33.69%YoY in April 2024
as Food Inflation Rises by 40.53% The headline inflation rate in April 2024 increased to 33.69%, up from 33.20% in…
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Nigeria’s Q1 forex remittance drops, net foreign assets soar
Nigeria experienced a 6.28 per cent decrease in its total direct foreign exchange remittances in the first quarter of 2024,…
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CBN-ONSA Cybersecurity Levy: One Circular Too Many
The recent cybersecurity levy circular by the Central Bank of Nigeria (CBN) was one circular that was one too many.…
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CBN Extends the Suspension of Charging Processing Fees on Cash Deposits Till September 30, 2024
A new directive from the Central Bank of Nigeria (CBN) has extended the suspension of processing charges on cash deposits…
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Investors Lost N268.75bn as NGXASI Declined by 0.48%; BDC Rate Depreciated to N1,423/USD
1. EQUITIES MARKET 1.1 NGX – Listed Equities The Nigerian stock market closed negatively, losing 475.18 basis points, with a negative market breadth.…
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Banking Recapitalisation: Leveraging Better Financial Stability For Stronger Economy
No doubt ,March 28, 2024, witnessed a momentous event in the Nigerian banking sector . The Governor of the Central…
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Nigeria’s Total External Debt Rose to US$42.50bn as of December 31, 2023
The most recent update from the Debt Management Office (DMO) on Nigeria’s public debt shows that the FGN’s total external…
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FG Approves Pay Rise for Civil Servants
*Pay rise covers remaining 6 consolidated salary structures *Increase ranges from 25% – 35% *Pensioners get 20 – 28%https://decisionmakers.com.ng/fg-approves-pay-rise-for-civil-servants/ *Takes…
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CBN Orders MoniePoint, Kuda, Others To Stop Onboarding New Customers
The Central Bank of Nigeria (CBN) has directed fintech companies to stop onboarding new customers until further notice. This directive…
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