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PoS charges seen slowing Nigeria's financial inclusion drive

The recent hike in service charges for Point of Sales (PoS) transactions may increase the number of unbanked Nigerians, especially in rural.

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Nigeria seen losing 300 dollar millionaires this year

Nigeria, Africa’s biggest economy, is expected to see the exit of 300 dollar millionaires this year; up from 200 in 2022, according to the.

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Nigeria misses OPEC quota as oil production shortfall hits 6.9m bpd in 11 months

Nigeria recorded a shortfall in crude oil production totalling 6.9 million barrels per day (bpd) between January and November, 2022.

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Oil price falls below $80 a barrel as central banks hike interest rates

Oil prices, on Friday, fell as the market assessed the aftermath of interest rate hikes at central banks.Brent crude futures fell 2.28.

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'Money supply, naira value' – How CBN's naira redesign will affect Nigeria's economy

The Central Bank of Nigeria (CBN), on Wednesday, announced that it redesigned some new naira notes. Speaking on the development.

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