February 17, 2016/FirstBank Nigeria’s leading retail and most valuable bank brand, FirstBank has been officially recognized as the first financial institution in the country to achieve a transaction volume of 100 million transactions in a month by Interswitch Transnational -Africa’s leading integrated payment and transaction processing company. This milestone feat […]
Money Market
Naira Trades 365 against Dollar in Black Market
By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian naira on Wednesday traded at N365 against $1, according to Cordros daily market update compared to a range of N347 to N352 traded on Tuesday on the parallel market. The update reported that in the interbank market – the naira had appreciated against two (2) […]
Nigerian naira hits record low of 345 vs dollar
February 15, 2016/Reuters Nigeria’s naira weakened to a record 345 to the dollar on the parallel market on Monday, increasing pressure on the government to devalue the official exchange rate to narrow the gap and spare Nigerians from huge bills for imported goods. The local currency eased 1.47 percent from […]
