Tag: #Banking
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POS AGENTS BECOME KEY FINANCIAL SERVICE HUBS IN GWAGWALADA
For many residents of Gwagwalada Area Council in the FCT, Point of Sale (POS) agents have become an essential part of daily banking and financial transactions. A survey by the News Agency of Nigeria (NAN) found that residents increasingly rely on POS operators for cash withdrawals, transfers, bill payments, airtime purchases, and other financial services.…
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CBN CUTS MONETARY POLICY RATE TO 26.5% TO BOOST ECONOMY
Nigeria’s central bank trims key interest rate by 50 basis points, signaling a push to support growth while keeping liquidity stable. The Central Bank of Nigeria (CBN) has reduced the Monetary Policy Rate (MPR) from 27% to 26.5%, CBN Governor Yemi Cardoso announced after the 304th Monetary Policy Committee (MPC) meeting in Abuja. The committee…
