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Poor infrastructure tops Fintech challenges in Nigeria- FairMoney CEO
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Honeywell, Flour Mills N80bn merger to boost Nigeria’s food production
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Healthlane bets on Nigeria’s preventive healthcare market
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Closing the gaps in Nigeria’s transport industry to grow the economy
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Nigeria’s Venture capital deals now five times of FDI
Venture capital investment into Nigeria is now five times the amount of Foreign Direct Investment in Africa’s biggest economy. Venture capital investment in the country has ballooned from a mere three hundred million dollars ($300 million).
FG to give ‘poor Nigerians’ N5000 in exchange for subsidy removal
The federal government of Nigeria is mulling plans to replace the controversial petrol subsidy scheme with an N5,000 monthly transportation grant to the poorest Nigerians
CBN holds interest rate for 8th straight time on slowing inflation
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria has concluded its two-day meeting in November 2021.
This marks the last MPC meeting for the year 2021.
At the end of the meeting, the committee resolved to hold the monetary policy rate and all other policy parameters constant.
The decisions reached are as follows:
- The benchmark interest rate (MPR) retained at 11.50%
- The asymmetric corridor remained at to +100/-700 bps around the MPR
- The cash reserve ratio retained at 27.50%; and
- The Liquidity Ratio retained at 30.00%