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Nigeria had 2.7 million PoS terminals deployed by March 2024
In March of this year, there were 2.7 million Point of Sale (PoS) machines in use throughout Nigeria, thanks to the efforts of both...
Borrowers face a spike in interest payments after the CBN’s rate hike
Following the Central Bank of Nigeria's third consecutive increase in the benchmark interest rate, customers who borrowed money from the banks would start to...
Foreign portfolio outflows soar by 237% in Q1 2024 as CBN changes
Foreign portfolio investment (FPI) outflows increased by 237% in the first quarter of 2024 compared to the same time in 2023.
Data on foreign portfolio...
CBN announces a rate halt following its third consecutive increase to 26.25%
Following its third consecutive interest rate hike on Tuesday, the Central Bank of Nigeria (CBN) hinted that it would soon pull back on its...
Nigeria exports cocoa for N358 billion in 2023 – Kyari
The nation exported N358 billion worth of cocoa in 2023, according to Minister of Agriculture and Food Security Abubakar Kyari.
He claims that this represents...
