January 14, 2015/MasterCard MasterCard and Movistar announced the launch of “Tu Dinero Movil“ (Your Mobile Money), the first mobile money service in Peru. This solution was developed by both companies to enable financial inclusion for the more than 16 million Movistar users across country. Customers will be able to access […]
Money Market
CBN Limits Interbank Dollar Holdings to 72 Hours
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE) – The Central Bank of Nigeria (CBN) said on Tuesday that banks are required to use dollars bought from the interbank market within 72 hours from the valued date, after which they must be returned to the CBN for re-purchase at the Bank’s buying […]
Nigeria’s naira eases despite central bank dollar sales
Tue Jan 13, 2015/Reuters Nigeria’s naira eased against the U.S. currency on Tuesday despite the central bank selling more dollars the previous day at its forex auction, due to strong demand for the greenback, dealers said. The central bank sold $249 million at 168 naira to the dollar, at its […]
