PENCOM, CBN, others oppose bill to remove police from contributory pension scheme
The National Pension Commission (PENCOM), the Central Bank of Nigeria (CBN), the Secretary to the Government of the Federation (SGF), the Nigeria Union of Pensioners, and other stakeholders have strongly opposed the amendment bill seeking to establish the Police Pension Board.
5 things POS operators should know about CBN Registration
CAC now requires that all POS operators and fintech merchants in Nigeria register their businesses according to Central Bank of Nigeria, CBN, guidelines by July 7, 2024
Fuel subsidy removal poses risk to external reserve growth – CBN
“Lower crude oil earnings, fuel subsidy removal, rising import bills, and increased external debt servicing obligations could pose downside risks for the accretion to external reserves”
CBN directs PSPs to connect to PTS Aggregators
The Central Bank of Nigeria (CBN) has directed all Payment Service Providers (PSPs) to connect to Payment Terminal Service Aggregators, in its quest to track all electronic transactions.
Economic activities record first expansion in 13 months
The Central Bank of Nigeria, CBN, said economic activities recorded its first expansion in 13 consecutive months to 50.2 index points in August 2024.
LCFE, Commodities brokers laud FG, CBN on food importation directive
Lagos Commodities and Futures Exchange (LCFE) and top commodities brokers have commended the Federal Government and Central Bank of Nigeria (CBN), for the recent directive, mandating companies to channel the importation of basic food items through commodities exchanges.
