The announcement also empowers commercial banks to source foreign exchange for PAPSS through Nigeria’s Foreign Exchange market May 9, 2025/Afreximbank The Pan-African Payment & Settlement System (PAPSS) warmly welcomes the new circular from the Central Bank of Nigeria (CBN), announcing a significant streamlining of documentation requirements for PAPSS transactions in […]
Author: InvestAdvocate
Mobile Subscriptions Increase Marginally Month-on-Month in March 2025
May 9, 2025/CSL Research According to data from the Nigerian Communications Commission (NCC), active mobile subscriptions in Nigeria declined significantly year-on-year (y/y) in Q1 2025. Total subscriptions dropped by 46.60 million, or 21.3%, falling from 219.30 million in Q1 2024 to 172.71 million in Q1 2025. However, on a month-on-month […]
United Capital Weekly Pan African Monitor Friday 09-May-2025
May 9, 2025/United Capital Research Anglophone West Africa (WAEMU) Nigeria Strong customer demand lifts Nigeria’s business activity as PMI holds at 54.2 Nigeria’s private sector sustained its growth momentum into the second quarter of 2025, as strong customer demand underpinned another solid expansion in business activity, according to the latest […]
