By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The naira on Wednesday traded N206 to one dollar ($1) appreciating in the parallel market (black market) recording 1.44 percent gain when compared to its previous day’s position of N209/$1, according to Proshare’s daily exchange monitor. According to the report, the value of the naira […]
Money Market
CBN Cuts Yearly Spending Limit on Naira Debit Card to $50,000
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) said on Tuesday its cutting down the spending limit on the usage of the naira denominated debit cards for transactions abroad, from $150,000 per person annually to $50,000. Also, the CBN fixed the daily cash withdrawal limit on the […]
Nigeria’s FBN Holdings sees modest loan growth this year
April 13, 2015/Reuters Nigeria’s FBN Holdings said on Monday it expects loan growth at its banking unit to slow to 4 percent this year, down from 23 percent last year, as it shifts focus to short-term trade finance transactions. Chief Executive Bello Maccido said the top tier lender, with over […]
