Nigeria’s downstream oil sector, operators have disclosed that the Federal Government has successfully saved approximately ₦400 billion since the removal of subsidy on Premium Motor Spirit (PMS). While this move has garnered mixed reactions from industry stakeholders, it has resulted in substantial savings for the government and raised discussions on […]

In response to the potential risks associated with contactless payments, the Central Bank of Nigeria (CBN) has introduced transaction limits that require verification and authorization for higher-value transactions. The CBN issued guidelines on contactless payments and outlined the restrictions to safeguard the financial system. Effective immediately, the transaction limit for […]