Thu Dec 4, 2014/Reuters Nigeria’s currency opened for trade at 179.53 naira to the dollar on Thursday, up 0.21 percent from its previous close, Thomson Reuters data showed. At a separate forex auction late on Wednesday the central bank sold $289 million at 168 naira to the greenback, higher than […]
Money Market
N220 Billion SMEs Fund: Banks Shy Away from Lending Due to Small Margins
By Peter OBIORA InvestAdvocate katsina (INVESTADVOCATE)-Nigerian Banks are unwilling to lend from the N220 billion micro, small and medium scale enterprises development fund due to low volume and small margins, Mudashir Olaitan, acting director, development finance department of the Central Bank of Nigeria (CBN) said on Monday. Olaitan represented by […]
PoS transactions rise to N241bn in 2014 – NIBSS
Electronic payments through Point of Sale terminals have risen by 191 per cent to N241bn in 2014, a report from the Nigeria Interbank Settlement System has shown. The NIBSS is owned by all licensed banks, Central Bank of Nigeria and discount houses. It operates the nation’s automated clearing system, which […]
