Money Market

Naira Traded N210 to One Dollar in Black Market, Weakens 0.93%

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian naira on Wednesday traded N210 to one (1) dollar in the black market same position it traded the previous session, Proshare daily exchange monitor said. “The existing level of activities in the parallel market remains encouraging,” the report added. However, Investment One Research […]

CBN promises to enhance e-payment efficiency

The Central Bank of Nigeria has promised to enhance the efficiency of electronic payment system in the country. A statement by the lender on Tuesday quoted day the Principal Manager, Banking and Payment Systems Department, CBN,   Mr. Emmanuel   Udo, as saying this in Osogbo while delivering a lecture entitled: ‘Recent […]

CBN to review IT standards in banking sector

The Central Bank of Nigeria in collaboration with the Information and Technology Standards Council is reviewing the IT standards blueprint in the banking sector. The aim is to align the IT standards in the sector to current realities and trends in the financial sector. The IT Standards Council, a body […]