The Central Bank of Nigeria (CBN) has approved two models for the implementation of mobile money services in the country namely: Bank led, which is a bank and/or its consortium as lead initiator and non-bank led, which is a corporate organisation duly licensed by the CBN as lead initiator. In […]
Money Market
Naira Gains 0.5% in Black Market, Trades 217 to Dollar after Election
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian naira on Wednesday gained 0.5 percent on the black market to trade 217 to the dollar after the 2015 presidential elections in the country. The Nigerian local currency according to Cordros update gained 14 basis points (bps) and 65 bps against the greenback […]
Nigeria’s 5-year bond yield falls as U.S. investor buys bond -dealer
March 31, 2015/Reuters Nigeria’s 5-year bond yield fell 33 basis points on Tuesday after a U.S. investor bought government debt, with uncertainty surrounding presidential elections in Africa’s biggest economy easing, a dealer at a major commercial bank told Reuters. The yield on the 2019 bond initially fell 2 basis point […]
