Money Market

ETI Partners Orange to Launch Bank-to-Wallet Money Services in 3 West African Countries

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Pan-African lender, Ecobank Transnational Incorporated (ETI) and  one of the world’s leading telecommunications operators, Orange said on Monday they have launched a bank-to-wallet money transfer service linked to Orange Money in Côte d’Ivoire, Guinea Conakry and Niger. According to the partnership, customers can use their […]

With $24.547m, Zenith Records Highest Forex Allocation from CBN

By Obinna Chima For the second time since banks started publishing their returns on foreign exchange (forex) utilisation purchased from the Central Bank of Nigeria (CBN), Zenith Bank Plc got the highest allocation garnering a total of $24,547,235.36 million. Zenith Bank was in fourth place in last week’s review of […]

CBN Reviews Guide to Bank Charges

By InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) last weekend said it’s currently reviewing the extant Guide to Bank Charge, which came into effect on April 1, 2013. The CBN says the review which is in line with the philosophy of periodically ensuring that the provisions of the guide […]