August 25, 2015/ BBC The People’s Bank of China cut its main interest rate by 0.25 percentage points to 4.6% in an effort to calm stock markets after two days of turmoil. It is the fifth interest rate cut since November and will take effect on Wednesday. The move has […]
Money Market
Naira Rallies Again, Settles At N208 – $1 In Parallel Market
August 21, 2015/ The Will Nigeria’s naira has sustained the gains recorded this week, edging higher on Friday against the U.S dollar at the parallel market — N208 / $1 — having traded at N223 on Monday and N212 just yesterday (Thursday), THEWILL can report. The British Pound Sterling and […]
Ecobank Customer, Others Win in CBN E-payment Incentive Scheme
August 20, 2015/Ecobank Nigeria Ecobank customer, Julie Chioma Ukwosah has emerged one of the winners in the ongoing Central Bank of Nigeria (CBN) Electronic Payment Incentive Scheme (EPIS). At the raffle draw conducted in Lagos, Adeyinka Adejuwon, who banks with GTBank emerged the first prize winner. He went home with […]
