Editorial Staff

The Infomediang Team comprises a group of researchers, data analysts, and financial experts who closely follow government policies and spending. Our passion lies in empowering people to make informed decisions about their investments by simplifying data for easy understanding. Find us @infomedia_ng on X.

CAC business registration

CAC Plans To Make 300,000 Unregistered Opay Agents Legal Entities

The Corporate Affairs Commission (CAC), a government agency responsible for business registration, is collaborating with Opay Services Ltd, a financial technology company, to help 300,000 unregistered businesses become legal entities. This partnership aims to bring Opay agents into compliance with regulations and provide them with the benefits of formal recognition. The Registrar-General and CEO of CAC,

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Ajaero, Your Demand of N1 Million Minimum Wage Is A Big Joke

The call from Joe Ajaero, the President of the Nigerian Labour Congress (NLC), for the government to review workers’ monthly wages is something a responsive government should consider, even without being prompted by the threat of strike actions, particularly given the over 100% year-on-year inflation rate in the country. However, for the president of the

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usdollar_to_naira_exchange_rate_parallel_market

CBN Removes ±2.5% Cap Spread On FX Transactions Among Banks

The Central Bank of Nigeria (CBN) is bringing another twist to Nigeria’s foreign exchange market by removing  ±2.5% cap spread on interbank FX transactions. The latest announcement overrides the initial practice when there was ±2.5% cap spread on FX transactions. The apex bank noted that the removal of spread would enhance a market-based price discovery

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Olayemi Cardoso of CBN

List of 29 CBN Departments: 24 Remain In Abuja, 5 Moved To Lagos

The decision by Nigeria’s apex bank to relocate five of its departments from Abuja to Lagos in the middle of January 2024 sparked considerable uproar. Some Northern politicians and groups went so far as to threaten that such a move could have political implications for President Bola Tinubu’s second-term ambition. An internal memo obtained by

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Olayemi Cardoso of CBN

Cardoso, CBN Policies Cannot Unilaterally Tackle Inflation

The recent promise by the Governor of the Central Bank of Nigeria (CBN) Yemi Cardoso to introduce anti-inflation policies sounds like the “usual political talk”, it lacks the sufficient economic substance that is needed to fight Nigeria’s 27-year debilitating 28.9 percent inflation, which is largely driven by food. Nigerians have grown weary of such rhetoric. Speaking

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NIMC Releases Fresh Email For JAMB Applicants To Fix NIN Challenges

The National Identity Management Commission (NIMC) has released a fresh email address for the prospective candidates of 2024 Unified Tertiary Matriculation Examination (UTME) to fix their NIN problems. Exclusive for JAMB candidates In an update on the social media platforms of NIMC – the body in charge of NIN – instructed all prospective candidates of

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