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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16

Mar

Stock market dips by 0.19% as MTN, others shed weight

The stock market on Tuesday closed on a bearish note, occasioned by profit taking in MTN Nigeria and 21 other stocks. The All Share Index declined by 0.19% to close at 47,340.86 points from the previous close of 47,428.67 points. The Market Capitalisation closed at N25.514 trillion, down by 0.18% from the previous close of N25.561 trillion,[…]

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