Nigerian banks are fast running out of dollars to continue settling their foreign counterpart banks who undertake payments for transactions done overseas by Nigerian naira debit and credit cardholders. As a result of the development, some banks have imposed daily limits on the amount of money (in dollars) naira debit […]

Wed Aug 12, 2015/Reuters Aug 12 Nigeria plans to raise 62.43 billion naira ($315 million) in Treasury bills of 3-month and 6-month tenor on Aug. 20, the central bank said on Wednesday. The bank said in a statement it will raise 32.43 billion naira worth in the 3-month paper and […]

By InvestAdvocate Lagos (INVESTADVOCATE)-NPF Microfinance Bank Plc on Tuesday said it appointed four (4) new directors on its board. “These appointments were ratified by the shareholders at its Annual General Meeting (AGM) which held on 23 July 2015,” the micro-lender said in a notice to the Nigerian Stock Exchange (NSE). […]