By InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) said on Tuesday the interbank closing rate is 197 naira to one (1) dollar. The naira faced the prospect of a sell-off when the CBN removed trading restrictions imposed last year to reduce volatility. The Nigeria’s local currency is down more […]
Money Market
AFRITAC Central Steering Committee Vows to Strengthen Institutional Capacity of Member States
April 3, 2015/IMF The 17th Steering Committee of the IMF’s Regional Technical Assistance Center for Central Africa (AFRITAC) convened on March 26, 2015 in N’djamena, under the Chairmanship of Mr. Kordjé Bedoumra, Minister of Finance and Budget of Chad with the aim to strengthen member states institutional capacity. Participants included […]
CBN issues framework for licensing of super-agents
The Central Bank of Nigeria (CBN) on Wednesday issued a framework for licensing super-agents in furtherance of its mandate to develop the electronic payment system in the country. A super-agent is an agent that has been contracted by the principal and may thereafter subcontract other agents in a network, while […]
