The Central Bank of Nigeria has announced its plans of obtaining all statutory approvals and support necessary to restructure and reposition the Nigerian Commodities Exchange (NCX) within the next 90 days.
Nigeria’s inflation rate increased by 15.75% (year-on-year) in December 2020, the highest rate recorded in 3 years.
The Central Bank of Nigeria (CBN) announced on December 24, 2020 that it had withdrawn the licenses of eight payment service providers for inability to meet capital requirements and non-compliance with specifications.
Nigeria’s inflation rate climbs further to 14.89 per cent in November, due to the spike in the prices of basic food items in recent times due to border closures, dollar restrictions and the recent banditry attacks preventing farmers from producing foods.
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