Money Market

Ecobank Nigeria launches Western Union Outbound Money Transfer Service in Nigeria

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. […]

Naira Declines to Record, CBN Affirms Continues Defense

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The naira on Thursday declined to its record low to two (2) percent s Brent crude extended losses from the worst levels in four  (4) years, eroding revenue in Nigeria, a Bloomberg report said. The report affirmed that while the Central Bank of Nigeria (CBN) […]

President Jonathan Unveils New 100 Naira Note

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-President Goodluck Jonathan on Wednesday unveiled the new 100 naira note to commemorate Nigeria’s centenary celebration. This is to mark Nigeria amalgamation which held in 1914. Godwin Emefiele, governor of Central Bank of Nigeria said the new note was launched to mark Nigeria’s 100 years […]