August 12, 2015/IMF In response to media queries about the People’s Bank of China’s announcement on the Change to the Renminbi exchange rate fixing mechanism, the following can be attributed to an IMF spokesperson: “The new mechanism for determining the central parity of the Renminbi announced by the PBC appears […]

August 11, 2015/Vanguard The battle for defence of the Naira value has widened, affecting existing withdrawal limits on Automatic Teller Machines (ATMs) and foreign transactions on all existing Naira debit cards (ATM cards). In the new arrangement, all ATMs that were hitherto enabled for domestic and foreign transactions have been […]

Mon Aug 10, 2015/Reuters Nigeria’s Skye Bank is in talks to raise 30 billion naira ($151 million) from existing and new investors before the end of the year to bolster its capital base, its chief executive said on Monday. Timothy Oguntayo told an investors’ call the bank had identified some […]