Culled—Proshare September 4, 2018/FBNQuest Research The latest data from a series from the NBS, produced in collaboration with the CBN, reveal that 510 million transactions valued at N33trn were recorded on electronic payment channels in Q2 2018. As expected, ATM transactions dominated with a volume of 217 million. Internet subscriptions […]
Money Market
Money Market Rate Decreased Marginally Last Week as Overnight Rate Fell to 6.83%
Culled—Proshare 3/9/2018/Anchoria AM Research Money Market The money market rate decreased marginally last week as the Overnight rate (OVN) and Open Buy Back rate (OBB) fell to 6.83% and 6.00% respectively. Consequently, the average money market rate decreased by 0.92% to settle at 6.42% due to increase in the system […]
UBA’s Leo Launched on WhatsApp Number +234 903 000 2455
September 3, 2018/UBA Plc Pan-African Financial Institution, United Bank for Africa (UBA) has announced the commencement of its chat bank ‘Leo’ on the WhatsApp platform. With Leo on WhatsApp, customers who are users and lovers of the app can now can perform basic banking services including checking their balances on the go, transferring funds, paying bills, among other services. The Group […]
