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See why POS operators will stop selling naira notes nationwide

The House of Representatives has issued a warning to POS operators as cash scarcity continues to affect transactionsLawmakers are urging POS operators to cease...

See why lawmakers wants FG to allow use of Chinese yuan as official currency

Lawmakers are calling on the federal government to adopt the Chinese Yuan as an official foreign exchange currencyThey believe if implemented, the policy will...

What CBN's naira redesign policy caused Nigerians, the economic implication

The naira redesign policy of the CBN under former Governor Godwin Emefiele threatened Nigeria’s economic survivalThe CBN had revealed in a press conference that...

See why Nigerian billionaire is in trouble in US days after receiving new award

Nigerian businessman Dozy Mmobuosi is facing massive fraud questions from the United States GovernmentDetails show the US government's charges against Mmobuosi are massive after...

See latest Naira to dollar exchange rate against US dollar, Pound, euro

The Naira value appreciated against the US dollar across official and unofficial forex exchange markets In the official market, the Naira's strong performance against...

See new account changes introduce by Opay, Palmpay amid fraud alert

Two of Nigeria's leading fintech companies have announced changes to how customers' accounts are verifiedThe move is in response to both the CBN directive...

Despite CBN assurances, cash scarcity persists as banks limit withdrawals to N10k, ATMs dry up, PoS operators hike charges

Despite the assurances by the Central Bank of Nigeria (CBN) that cash I circulation has hit N3.4tr and repeated statements by the apex bank...

Naira in circulation hits N3.4tn as CBN allays fears over scarcity

Amid growing apprehension over cash scarcity in different parts of the country, the Central Bank of Nigeria (CBN) has reassured Nigerians that there are...

BUSINESS ROUNDUP: CBN warns of fake notes in circulation; Naira crashes to all-time low; Other stories

Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week —from the capital market...

Naira devaluation, subsidy removal excite Moody’s, upgrades Nigeria’s credit outlook to positive

The possible reversal of the deterioration in Nigeria’s fiscal and external position as a result of the government’s reform effort has spurred global rating...

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