Money Market

TagPay Earns Kalahari Award for Best Technology Enabler of Mobile Financial Services in Africa

February 15, 2016/Tagattitude Tagattitude (en.TagPay.fr), the innovative French FinTech, has won a Kalahari Award for its digital banking platform, TagPay at the 6th Remittance and Mobile Money Expo (mobilemonetexpo.org), held in Lagos, Nigeria. The award recognizes TagPay as the best technology enabler platform. With Near Sound Data Transfer Technology at […]

Naira to weaken further as dollar demand soars

February 15, 2016 The naira will weaken further at the parallel market this week after shedding nine per cent of its value last week, foreign exchange dealers and economic experts have said. Last week, the local currency fell from 310 to 338 as acute shortage of the greenback lingered. The […]

Nigerian interbank rate eases after liquidity rises

Feb 13, 2016/Reuters Nigeria’s overnight interbank lending rate eased to an average of 0.75 percent on Friday from around 3 percent midweek after the central bank let cash flow into the market from matured treasury bills, traders said. The central bank injected around 234 billion naira ($1.2 billion) in matured […]