December 12, 2020/NBS A total volume of 2,781,526,188 transactions valued at N319.99trn was recorded in Q3 2020 as data on Electronic Payment Channels in the Nigeria Banking Sector revealed. RTGS transfers dominated the volume of transactions recorded. 1,799,199 volume of Online Transfer transactions valued at N116.06trn were recorded in Q3 2020. In […]
Money Market
NCOY: FirstBank is powering the Next Generation of Nigerian Innovators and Entrepreneurs
December 12, 2020/FirstBank of Nigeria What did (the various territories that were later to be amalgamated into) Nigeria look like in 1894? How about a hundred years later in 1994? And what could Nigeria look like in the year 2094? History provides elaborate answers to the first two questions. Answers […]
FX Scarcity Biting Hard
December 11, 2020/Proshare by CSL Research A Business Day report says Business leaders and investors are facing an unprecedented level of FX scarcity with the contribution of FX from official sources down to as low as 23% of their total FX demand. In many cases, the blended FX rate is […]
