CBN, First bank push for greater ties with Chinese counterparts
The Central Bank of Nigeria and the First Bank of Nigeria have pushed for a greater collaboration between Nigerian banks and their Chinese counterparts in view of the deepening trade and businesses between China and Nigeria, as well as, other countries in the African region.
New CBN interest rate’ll increase unemployment – Small business owners
“We may begin to see more ailing or comatose businesses. Our competitiveness… will be further be challenged as made-in-Nigeria products will be naturally more expensive than before”
CBN’s 27.25% new interest rate detrimental to investment, economic growth — Experts
“Our competitiveness in the national, continental and global business will be further challenged as Made-in-Nigeria products will be naturally more expensive than before”
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.
