March 11, 2019/Nova Merchant Bank Ltd NOVA Merchant Bank Limited has declared a profit after tax of N1.15 billion for the year ended 31st of December 2018, a significant increase from N510.6 million achieved in 2017, marking a 125% increase. The result is achieved as it begins to reap the benefits […]
Money Market
Mastercard Advances Cross-Border Capabilities with Acquisition of Transfast
Proven P2P and B2B Network to Accelerate Scale and Growth March 8, 2019/Mastercard Mastercard (NYSE: MA) today announced it has entered into an agreement to acquire Transfast, a global cross-border account-to-account money transfer network. Transfast will complement Mastercard’s wide range of payment solutions by increasing worldwide connectivity in the account-to-account […]
Import Substitution – CBN Bans FX Sale To Textile Importers
Culled—Proshare March 6, 2019/CSL Stockbrokers The Central Bank of Nigeria (CBN) recently placed a restriction on the sale of foreign exchange to importers of textiles and other clothing materials in the country. This according to the CBN would help reposition the textile, cotton and garment industry for job creation and […]
