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Nigeria’s PMI Index Expands To 57.1 Points In August – CBN
The Central Bank of Nigeria (CBN) has reported that the nation’s Purchasing Manufacturing Index (PMI) in the month of August expanded at 57.1 index points, thereby sustaining the expansionary trend in the real for the 17th consecutive month. The apex bank’s Statistics Department conducted the August 2018 PMI survey from between August 9th and 17th […]
NACCIMA Lauds Tinubu On Tax Policy Measures, Others
The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has described the recent interventions by the Federal Government on some recent tax changes as part of its efforts to mitigate tax burdens on businesses nationwide. The President of the organized private sector (OPS) group, Barrister Dele Kelvin Oye, in a statement issued […]
CBN Issues MfB Licence To Awacash
The Central Bank of Nigeria has issued Awacash, a fintech platform, a microfinance bank (MfB) licence following the company’s earlier acquisition of a money lending license. Commenting on the latest regulatory approval by the monetary authorities granted the fintech platform to operate as MfB, Co-Founder of Awacash, Dayo Okunfolami, said: “We understand the obstacles encountered […]