Money Market

Euro Weakens to 2010 Low on Draghi as Stocks Climb With Dollar

Jan 2, 2015/Bloomberg The euro weakened to a 4 1/2 year low, bond yields from Italy to Spain fell to records and stocks rose amid speculation the European Central Bank will boost stimulus. U.S. index futures gained with the dollar. The euro lost 0.4 percent at 8:05 a.m. in London, […]

First Bank Partner Etisalat to Promote Mobile Money

Press Release Dec 31, 2014/FBNH In recognition of continued efforts to drive financial inclusion, lead innovation in mobile payment systems and support the CBN cash-less policy, First Bank of Nigeria Limited and Etisalat Nigeria have partnered to make mobile payments more accessible and secure.  The partnership which involves FirstBank’s Firstmonie […]

‘Why dollar surged against naira, others in 2014’

The dollar rose against all other major currencies in 2014 for the first time since the turn of the century, as investors expecting interest rates to rise piled into the greenback, Financial Times has reported. The naira also fell against the dollar by 13 per cent in the year. The […]