Money Market

CBN Introduces Special Intervention Day for FOREX Sales to BDCs WEF Dec 6, 2018

November 30, 2018/CBN This is to inform Bureau De Change (BDC) Operators and the general public that with the approach of the yuletide season and the resultant increase in the demand for Personal/Business Travel Allowance, the CBN has in addition to the existing market days (Monday, Wednesday and Friday) introduced […]

The Benefits of Bitcoin to a Mwananchi (Local Kenyan)

November 30, 2018/ Paxful Kenya has a fast-growing economy even though the disparity between the rich and the poor is apparent. Cryptocurrency, bitcoin, in particular, can bring financial inclusion to the underbanked and unbanked and give opportunities to grow their wealth. The company Paxful (https://Paxful.com) has built a platform that […]

Naira Depreciates Against Dollar Third Straight Day at Black Market

November 30, 2018 By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-TheNigerian naira on Thursday depreciated against the United States dollar for third consecutive day in the parallel market, declining by 1.08 percent to N370. Cordros update says that the move was the biggest since declining 1.09 percent on August 10, 2017. Conversely, […]