May 3, 2023/CSL Research In 2018, Payment Service Bank (PSB) operations were proposed by the CBN to aid Nigeria’s financial inclusion drive. According to the CBN, the key objective of setting up PSBs is to enhance financial inclusion by increasing access to deposit products and payment/remittance services to small businesses, […]
OPINION/EDITORIAL
Oil Prices Tank On Worrying Economic Data From China
May 2, 2023/OilPrice.com Tom Kool Editor, Oilprice.com Chart of the Week Last Hurrah for the US Gulf of Mexico – Ever since Pure Oil drilled its first well approximately a mile offshore in the US Gulf of Mexico back in 1938, the region has defined deepwater drilling in the country […]
Currency Outside Banks Surges by 71.40% to Reach N1.45Trillion
May 2, 2023/CSL Research Money Supply statistics from the Central Bank of Nigeria (CBN) as of March 2023 showed that currency in circulation increased month-on-month by 71.42% to N1.68trn from N982.09bnbn as of February 2023. On the other hand, currency outside banks rose month-on-month by 71.4% to N1.45trn (representing 85.86% […]
