Money Market

Mobile Money transactions Hits N815.5 Billion in Nigeria-CBN

By Peter OBIORA InvestAdvocate Ilorin (INVESTADVOCATE)- The Central Bank Nigeria (CBN) said on Monday the total mobile money transactions in Nigeria since inception in January 2012 has now hit over N815.5 billion, according to Dipo Fatokun, director, Banking and payment System department. He made this disclosure at an ongoing workshop […]

Heritage Bank Supports Youth Development, Earmarks N200 Million for Graduate Entrepreneurs

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Heritage Bank Limited said on Friday it’s supporting entrepreneurship and youth development and has earmarked a N200 million loan facility for young graduates willing to advance their dreams in small scale businesses. The facility, according to the bank is a revolving soft loan which comes […]

Nigeria raises 120 bln naira in 2020, 2024 bonds at lower yields

October 15, 2015/Reuters Nigeria issued 120 billion naira ($600 million) worth of naira-denominated bonds maturing in 2020 and 2024 at an auction on Wednesday, at lower yields than the returns at its previous auction, the Debt Management Office said on Thursday. The returns on the paper reflected the prevailing low […]