Information and Communications Technology experts have predicted that traditional banking will end by 2025 or 2030. According to the experts, a market economy could readily emerge without banks, as we have traditionally known them. Consequently, they urged banks to embrace technology and redefine their operation models to meet the emerging […]
Money Market
Naira Falls to Record Low as Nigeria Stocks Decline
Nov 20, 2014/Bloomberg The naira slumped to a record low and stocks retreated the most in the world before Nigeria’s central bank meeting to review interest rates in Africa’s biggest oil producer. The currency fell 1.2 percent to 176 per dollar by 4:11 p.m. in Lagos, the commercial capital, a […]
CBN Issue Banks, Merchant Banks January 2015 to Implement SWIFT SSS
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Thursday directed banks and merchant Bank to subscribe to and implement the SWIFTSanction Screening Service (SSS) on or before January 31, 2015. This is contained in a circular with reference number BPS/DIR/GEN/CIR/01/014 dated November 19, 2014 and signed […]
