July 14, 2016/Punch By Oyetunji Abioye The naira fell to 360 against the United States dollar at the parallel market on Wednesday as the supply of the greenback waned at the foreign exchange market. The local currency had closed at N354 against the greenback on Tuesday. The naira has been […]
Money Market
FirstBank targets 10million new customers with Agency banking
July 13, 2016/First Bank of Nigeria Ltd —–As Fitch affirms its stable on Viability Ratings (VRs) Nigeria’s premier financial Institution and most valuable bank brand, First Bank of Nigeria Limited, is targeting to grow its customer base by over 10 million new customers in the next three years. The expansion […]
Mandatory Registration and Quotation of Commercial Papers
July 13, 2016/CBN Further to the Guidelines on the Issuance and Treatment of Bankers Acceptances (BAs) and Commercial Papers (CPs) issued by the Central Bank of Nigeria (CBN) on November 18, 2009, banks are hereby informed that they are only permitted to deal in CPs that are registered on authorized […]
