17

Mar

Market advances by 0.05%, investors gain N13bn

The Nigerian Exchange on Wednesday closed on a positive note as the All Share Index appreciated by 0.05%, closing at 47,364.46 points from the previous close of 47,340.86 points. Investors gained N13 billion as the Market Capitalisation grew by 0.05% to close at N25.527 trillion from the previous close of N25.514 trillion. An aggregate of 145.83 million […]

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16

Mar

CBN gives guidelines for operation of Bank Neutral Cash Hubs in Nigeria

The Central Bank of Nigeria has released guidelines for the registration and operation of the Bank Neutral Cash Hubs in in Nigeria According to CBN, the guideline defines the registration requirements and operational procedures for the Bank Neutral Cash Hub which was conceptualized to offer bank-neutral cash withdrawal and deposit services to high volume/value cash transacting customers[…]

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16

Mar

Nigeria’s inflation rate rises to 15.70%

Report published by the National Bureau of Statistics revealed that the Consumer Price Index (CPI) which measures inflation, increased to 15.70 percent in February 2022 from 15.60 percent reported in January 2022. Year on year, this is 1.63 percent points lower compared to the rate recorded in February 2021 (17.33) percent. This means that the headline inflation[…]

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