Money Market

Naira Records New Low on Black Market, Trades N235/$1

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)- The naira on Thursday reported a new record low as it traded N235 to a dollar on the parallel (black) market N1.50 down on the day, as dollar shortages persist, a Reuters report quoted a trader as saying.   According to the report, Aminu […]

Access Bank Launches ‘PaywithCapture’ to Boost Payment Solution

Access Bank Plc has introduced a new multi-banking payment solution known as PaywithCapture. PayWithCapture, is a mobile payment solution that permits customers to make payments by scanning a merchant’s pre-generated QR-Code using the camera of their mobile device or via a one-step Beacon-NFC System. It can be linked with different […]

Bailout: CBN directs states to submit loan details

The Central Bank of Nigeria has asked state governments to furnish it with the details of their loan obligations latest today (Wednesday). The directive was contained in a statement issued late on Monday night by the Federal Ministry of Finance. The statement said the directive was given by the CBN […]