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.

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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 …

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AfDB and ILX Partner to Boost African Investments

African Development Bank (AfDB) and ILX Management B.V. Partnership Agreement

AfDB and ILX Management B.V. have partnered to promote sustainable investment in African countries.

The agreement aims to mobilize institutional investor capital and bridge financing gaps to achieve AfDB’s High Five priorities, including improving energy access, food security, and industrialization.

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FG Begins Registration of Unemployed Persons in Lagos

The Nigerian government has begun a registration exercise for unemployed individuals in Lagos State.

The National Directorate of Employment (NDE) will conduct the exercise for a period of ten days, from April 18 to April 28, 2023, in the 20 local government areas of Lagos State.

The aim of the exercise is to provide accurate data on the number of unemployed individuals in the country, which will help policymakers in addressing Nigeria’s unemployment challenges.

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