July 14, 2015/Reuters Nigeria’s Access Bank expects its retail banking business to turn to profit this year, contributing up to 10 percent to profit before tax next year and 20 percent by 2018/19, Chief Executive Herbert Wigwe said on Tuesday. Wigwe said most of its 350 branches would become profitable […]
Money Market
Mobile money transactions hit N700bn in three years
Nigeria has recorded a total transaction of N700bn through the mobile money banking system since 2012, the Director, Banking and Payment Systems Department, Central Bank of Nigeria, Mr. Dipo Fatokun, has said. He spoke through the Deputy Director in the department, Mr. Jimoh Itopa, saying that the central bank had […]
Naira Continues Low Trend on Black Market, Trades N241 per Dollar
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The naira on Monday continued its low trend as it traded N241 per dollar on the black market, as the Central Bank of Nigeria (CBN) restrictions fed unofficial trade in dollars, a Reuters report quoted traders. The report said the naira weakened by 1.0 per […]
