By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)- The naira on Friday traded 197/$1 on the interbank market compared to 199/$1 on Thursday, according to the Central Bank of Nigeria (CBN). The CBN had on Wednesday announced the scrapping of its biweekly currency auctions and said it would sell dollars only at […]
Money Market
Payment Security: The Right to ARM
February 19, 2015 | Industry News/MasterCard About 15 years ago, MasterCard created a series of global regional forums where payment security industry professionals could discuss how to best combat fraud. As criminals have become more sophisticated, so have the efforts to protect consumers, including the MasterCard Academy of Risk Management […]
CBN Fixes Naira at 198/$1 in Actual Devaluation, closes FOREX Window
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Wednesday scrapped its biweekly currency auctions on Wednesday and said it would sell dollars only at N198 revealing an actual devaluation of the currency. A Reuters report affirmed that FMDQ, a group comprising Nigeria’s main commercial banks and […]