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DECLINE IN NIGERIA’S PMI TO 51 IN FEBRUARY

2 March 2024-

Reading Time: 2 minutes During February, Nigeria observed a substantial deceleration in business operations alongside heightened inflationary pressures within the private sector, as unveiled by the latest Purchasing Managers’ Index (PMI) report from Stanbic IBTC Bank. The primary PMI plummeted significantly to 51 from January’s 54.5,…

CBN REVOKES LICENSES OF BDCs

2 March 2024-

Reading Time: 2 minutes The Central Bank of Nigeria (CBN) has made public its decision to revoke the licenses of 4,173 Bureau de Change (BDC) operators nationwide. In a statement issued by the Acting Director of Corporate Communications, Sidi Ali Hakama, the CBN clarified that the…

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