Nov 17, 2014/Reuters Nigeria’s naira closed at a new low of 173.20 against the dollar on Monday, down 1.21 percent in volatile trades, despite central bank intervention to prop up the currency, dealers said. The regulator asked lenders to bid for $2 million each in a move to shore up […]

The naira, which has been under pressure in the last few weeks, on Monday crashed against the dollar to N173.20 at the interbank market, causing panic in the financial sector. There are also indications that this has prompted the Central Bank of Nigeria to call all bank chief executive officers […]

Press Release November 14, 2014 – Ecobank has commenced Western Union Outbound Money Transfer Service In Nigeria. The newly launched service allows Nigerians to send money abroad through any of the over 500 branches of Ecobank Nigeria, while the funds are received in the specified currency in the receiving country. […]