Thu May 28, 2015/Reuters May 28 Nigeria’s foreign exchange reserves rose to $29.61 billion by May 27, up by 0.3 percent from a month ago, data from the central bank showed on Thursday. However, reserves of Africa’s biggest economy and top crude exporter fell 20.3 percent year-on-year from $37.14 billion.

By InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria said on Wednesday it had rolled out the processes for linking the Bank Verification Numbers (BVNs) with customer’s account such that the customer does not necessarily have to physically visit the banks for the linkage. This is contained in a circular dated […]

First City Monument Bank Limited and NetPlus have signed an electronic payment agreement that will lead to the provision of e-business settlement support for merchants and other interests in the country. NetPlus, an indigenous e-commerce and e-payment company, had earlier in the year introduced a payment gateway, which leverages Internet […]