Naira Scarcity Triggers 100% Increase In PoS Service Costs Nationwide

Naira Scarcity Triggers 100% Increase In PoS Service Costs Nationwide

Naira Scarcity Triggers 100% Increase In PoS Service Costs Nationwide

Point-of-sale operators nationwide have implemented a 100% increase in their service charges, a direct response to the prevailing Naira scarcity. The newly elected secretary of the Association of Mobile Money and Agent Banking Industry in Nigeria, Elegede Segun, confirmed this development during a conversation with DAILY POST on Tuesday. Attributing the surge in fees charged […]

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High Inflation Raises Social Risk In Nigeria – Moody Reveals

Nigeria’s Inflation Rate Hits 22.04% For March 2023

On Friday, Moody’s, a worldwide rating agency, revealed on its website that the nation’s rising inflation is putting strain on government spending and increasing the likelihood of societal unrest. Naija News reports that the agency revised its assessment of Nigeria, citing potential improvement in the nation’s external and fiscal positions as a result of recent […]

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Dangote Refinery Set To Commence Operation As First Crude Shipment Arrives

Dangote Refinery Will End Nigeria's Decades Of Shame To Refine Its Crude Oil - Onanuga

According to market sources and tanker tracking data, the first batch of crude feedstock for Dangote‘s 650,000 b/d refinery has arrived in Nigeria. After years of delays, this development signifies that fuel production at the new $19 billion facility is finally ready to commence, Naija News reports. It was gathered that on December 6, the […]

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