Money Market

Nigerian Central Bank Sells U.S. Dollar at Weaker Rate Than Previous Peg

March 20, 2020 Culled—Proshare by Chijioke Ohuocha of Reuters, Edited by Edmund Blair and Giles Elgood   The Nigerian central bank has sold the U.S. dollar to local Jaiz Bank at 360 naira on the official currency market, weaker than the 306 where it was previously pegged, implying a 15% […]

Ecobank Xpress Save and Xpress Loan is designed to stimulate micro savings in the economy – Akinwuntan

March 17, 2020/Ecobank The Managing Director, Ecobank Nigeria, Patrick Akinwuntan  said the Ecobank Xpress Save and Xpress Loan is a digital product designed to stimulate micro savings in the economy.  According to the bank Managing Director, this innovative product is part of the bank’s overall strategy to drive financial inclusion […]

March 14, 2020/FirstBank of Nigeria First Bank of Nigeria Limited is taking steps to ensure that women and women-led businesses are empowered. The bank has, through its FirstGem; FirstMonie and First Women Network empowered and brought several unbanked women into the financial system. This it proved during this year’s International […]