Central Bank of Nigeria (CBN) to Close Bank Accounts Without BVN
The CBN has announced its plans to close millions of bank accounts in various financial institutions that are not linked to a Bank Verification Number (BVN).
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SunTrust Bank declares 1.5bn profit for 2022 fiscal year
SunTrust Bank Nigeria’s Profit Before Tax for 2022 Fiscal Year
SunTrust Bank Nigeria Limited, a rapidly expanding commercial bank in Nigeria, has announced a Profit Before Tax of N1.5bn for the year ended December 31st 2022. The Bank’s 2022 Audited Financial Result has been published on its website.
MultiChoice Nigeria to raise DStv subscription prices starting May 1
Key Points
MultiChoice Nigeria to increase prices of DStv subscriptions from May 1st due to economic challenges in the operating environment. The subscription price of all its packages has been raised.
PoS Terminals in Nigeria Surpass 1.8 Million Mark in March 2023
Key Points
- In March 2023, the total count of PoS terminals installed in Nigeria reached 1.8 million, as reported.
- Compared to the same period last year, the number of deployed terminals has increased by 75%, when it was at 1.04 million.
- Additionally, the platform observed a surge in transaction value over PoS terminals, with N1.1 trillion being the highest monthly record.
Cost of cooking gas rises as high as N11,000 per 12.5kg refill
Regional Variations in Average Prices of 12.5kg Cooking Gas Refill in Nigeria The National Bureau of Statistics (NBS) recently released a report detailing the average retail prices of 12.5kg cooking gas refill across six geopolitical zones in Nigeria. The report revealed significant regional variations in the average price of 12.5kg cooking gas refill in March 2023. North Central: N10,192.43 per refillNorthwest: N10,435.35 per refillNortheast: N9,808.50 per refillSoutheast: N10,271.07 …