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 […]

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 […]

23 Feb 2015/Fitch Ratings Fitch has affirmed the Long-term Issuer Default Ratings (IDRs) of 10 Nigerian banks. They are Zenith Bank Plc (Zenith), FBN Holdings Plc (FBNH), First Bank of Nigeria Ltd (FBN), United Bank for Africa Plc (UBA), Guaranty Trust Bank Plc (GTB), Access Bank Plc (Access), Diamond Bank […]