Mobile Money market in sub-Saharan Africa could produce an estimated $1.5 billion in fees for mobile-money providers by 2019, a research report released by the Boston Consulting Group (BCG) has revealed. According to the report, sub-Saharan Africans are looking for more-secure ways to borrow and save money and are open […]
Money Market
Naira Closed N222/$1 at Parallel Market
By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian naira on Tuesday closed N222/$1 at the parallel market (black market) as the Central Bank of Nigeria (CBN) officially acknowledged the “technical devaluation” it carried out when it closed the rDAS window, a Proshare report said. “This was announced by the apex bank by changing […]
MasterCard to Chair PCI Council in 2015
February 24, 2015/MasterCard Bruce Rutherford, a senior vice president of fraud management solutions at MasterCard, has been appointed to chair the PCI Security Standards Council (PCI SSC) for the coming year. In this role, Rutherford will drive the council’s continued development of standards, best practices and resources for securing payment […]

