Naira on Tuesday gained against the dollar as subdued demand for the United States currency and strong oil prices led to an increase in the nation’s foreign reserves. The local currency advanced 0.1 per cent to N157.55 per dollar as of on the inter-bank market, representing an increase of three […]

Stocks extended losses on Tuesday with the S&P 500 breaking below a key support level before the start of first-quarter earnings season, Reuters reported. The S&P 500 fell more than one per cent in midday trade to slide below its 50-day moving average of 1,372.30, an area viewed as the […]

As a direct consequence of the cash-less regime, electronic fund transfer, instant payment and cheque transactions via the Nigeria Inter Bank Settlement Payment System Plc are now worth over N70.2bn daily. The Central Bank of Nigeria, which disclosed this in a document made available to our correspondent on Tuesday, said […]