Money Market

Thinking Digital First: Transforming the Payment Experience into an End-to-End Digital Journey

October 27, 2022/Mastercard New customers join Mastercard to launch simple, secure and seamless digital consumer experiences Leading financial institutions around the world are continuing to join the Mastercard Digital First™ Card Program enabling entirely digital payment experiences for consumers – from card issuance and usage to financial management and benefits, with […]

Nigeria Changes 50% of Currency Denominations

October 27, 2022/FDC Ltd The Central Bank of Nigeria has announced a programme for the change of & design of four of the eight existing denominations of the legal tender. The Naira notes affected are N100, N200, N500 and N1,000 denominations.  The new currency notes will become legal tender as […]

CBN Announces Plan to Redesign and Produce New Currencies

October 27, 2022/CSL Research In a press statement yesterday, the Central Bank governor, Godwin Emefiele announced plans to redesign, produce, and circulate new series of banknotes at N100, N200, N500, and N1,000 levels from 15 December 2022. The new and existing currencies shall remain legal tender and circulate together until […]