10 Ways to Draw Customers to Your Betting Business
By Ajibola Olarinoye Here are Ten effective strategies to attract players to your physical…
10 Ways to Draw Customers to Your Betting Business
By Ajibola Olarinoye Here are Ten effective strategies to attract players to your physical betting shop or online bookmaker site. 1. Enhance Jackpots with Super Jackpots Jackpots represent a chance to win substantial amounts of money—every gambler’s ultimate aspiration that fuels their excitement with the hope of a lucky break. Now, imagine the thrill…
CBN Maintains Nigeria’s Interest Rate at 27.50% Despite Inflation Decline
The Central Bank of Nigeria’s Monetary Policy Committee has decided to keep the country’s interest rate at 27.50 percent as of January, unchanged from November of the previous year, in light of a decrease in inflation. Additionally, the Cash Reserve Ratio (CRR) remains at 50 basis points, the liquidity ratio (LR) is set at 30…
Inflation Rate Declines to 24.48% in January- NBS
The inflation rate fell to 24.48% in January 2025, as reported by the National Bureau of Statistics (NBS). Prince Adeyemi Adeniran, the Statistician of the Federation and CEO of NBS, shared this information during a briefing in Abuja on Tuesday. He also noted that food inflation stood at 26.08% year-on-year. Adeniran explained that the updated…
IMF: Banks’ Profits Remain Resilient Amid Inflation and Rate Increases
The International Monetary Fund (IMF) has reported that the banking sectors and their profitability are largely shielded from the impacts of inflation and rising interest rates in both advanced and emerging markets. In a report published over the weekend, titled “Rising Rates May Trigger Financial Instability, Complicating Fight Against Inflation,” the IMF noted that vulnerabilities…
Real Reasons Behind Naira’s Appreciation Against the Dollar in the Black Market – BDC Operators
Aminu Gwadebe, the National President of the Association of Bureau de Change Operators, has disclosed that the recent increase in interbank proceeds to Bureaux de Change, as mandated by the Central Bank of Nigeria, along with other contributing factors, has led to a notable appreciation of the Naira against the dollar over the past week….
CBN Provides Update on N100 ATM Withdrawal Fee
The Central Bank of Nigeria (CBN) has confirmed that the N100 fee will remain in place for customers withdrawing less than N20,000 from Automated Teller Machines (ATMs) of other banks. This announcement follows the CBN’s admonition to Nigerian banks against imposing restrictions on ATM withdrawals below N20,000 per transaction. The information was shared in a…
Naira Continues to Strengthen Against Dollar in Black Market
The Naira has continued its upward trend against the dollar in the parallel foreign exchange market as of Thursday. Abubakar Alhasan, a Bureau De Change operator in Wuse Zone 4, Abuja, reported that the Naira appreciated to N1,570 per dollar on Thursday, up from N1,575 on Wednesday. This indicates a slight gain of N5 against…
Key Things to Know about CBN’s New ATM Charges
On Monday, February 10, 2025, the Central Bank of Nigeria (CBN) introduced new guidelines regarding the use of Automated Teller Machines (ATMs). These guidelines were detailed in a circular sent to all banks in Nigeria, signed by John Onojah, the acting Director of the Financial Policy and Regulation Department at the CBN. This report highlights…
Nigeria’s Treasury Bills Attract N3.22 Trillion from Investors
Nigeria’s recent Treasury bills auction has garnered a remarkable total subscription of N3.22 trillion. The Debt Management Office, acting on behalf of the Central Bank of Nigeria, held the auction on February 5, with allotments taking place the following day, February 6. According to the auction results released on Saturday, the Federal Government offered N670…
CBN Outlines Conditions for FX Sales to BDC Operators
The Central Bank of Nigeria (CBN) has released new guidelines regarding the sale of foreign exchange (FX) to Bureaux De Change (BDC) operators. These details were provided in a statement from the CBN’s Trade and Exchange Department on Wednesday. This move follows the CBN’s previous authorization that granted temporary access to existing BDCs to participate…
