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MayRecent inflation report published by the National Bureau of Statistics has revealed that in April 2023, the headline inflation rate rose to 22.22% relative to March 2023 headline inflation rate which was 22.04%. Looking at the movement, the April 2023 inflation rate showed an increase of 0.18% points when compared to March 2023 headline inflation rate. Similarly, […]
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MayThe Central Bank of Nigeria (CBN) has ordered banks and other financial institutions to close accounts without Bank Verification Number (BVN) in 30 days. In a review of the Regulatory Framework for Bank Verification Number (BVN) Operations and Watch-list for the Nigerian Banking Industry, the CBN directed banks to link customer’s BVN to related accounts/wallets (except Tier[…]
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MayThe Nigerian stock market closed the week to day lower as 0.04% gain in MTN Nigeria was not enough to keep the market afloat, coupled with profit taking in other 30 stocks that shed weight last week. The stock market last week closed on a negative note, shedding 0.48%, week on week.The All Share Index was down[…]
