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PoS charges seen slowing Nigeria's financial inclusion drive

The recent hike in service charges for Point of Sales (PoS) transactions may increase the number of unbanked Nigerians, especially in rural. ....

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Nigeria seen losing 300 dollar millionaires this year

Nigeria, Africa’s biggest economy, is expected to see the exit of 300 dollar millionaires this year; up from 200 in 2022, according to the. ....

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Nigeria misses OPEC quota as oil production shortfall hits 6.9m bpd in 11 months

Nigeria recorded a shortfall in crude oil production totalling 6.9 million barrels per day (bpd) between January and November, 2022. ....

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Oil price falls below $80 a barrel as central banks hike interest rates

Oil prices, on Friday, fell as the market assessed the aftermath of interest rate hikes at central banks.Brent crude futures fell 2.28. ....

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'Money supply, naira value' – How CBN's naira redesign will affect Nigeria's economy

The Central Bank of Nigeria (CBN), on Wednesday, announced that it redesigned some new naira notes. Speaking on the development. ....

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