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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.

Victor olojoTemitope omosuyiChinasa collins ogbuoInclusion for all initiative africa practiceBank agentsBank settlementInternational monetary fundWorld bankAssociation of mobile moneyCentral bankAgent network expansion facilitiesFirst bank monieAll initiativeAfrica practiceMobile moneyBabatunde akin moses

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.

South koreaUnited arab emiratesHong kongUnited kingdomSouth africaJuerg steffenTemitope omosuyiAndrew amoilsNational bureau of statisticsResearch at new world wealthHenley private wealth migrationNew world wealthAfrinvest limitedNational bureau

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.

Temitope omosuyiOrganisation of petroleum exporting countriesAfrinvest securities ltdNigerian upstream petroleum regulatory commissionPetroleum exporting countriesThecable index

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.

United statesTemitope omosuyiTimipre sylvaOrganisation of petroleum exporting countriesInternational energy agencyAfrinvest securities ltdJp morgan commodity researchNigeria extractive industries transparency initiativeWest texas intermediateEuropean central bankraisedPetroleum exporting countries

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.

Temitope omosuyiGodwin emefieleCentral bankCentre for the promotion of private enterpriseAfrinvest securities ltdBureaux de changePrivate enterprise

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