Money Market

CBN Unveils Regulations for Transaction with Authorized Dealers in Renminbi

June 7, 2018/CBN Background and Introduction In line with the statutory mandate of the Central Bank of Nigeria (CBN) as set out in the Central Bank of Nigeria Act, 2007, the CBN and The People’s Bank of China (PBoC) executed the PBoC-CBN Bilateral Currency Swap Agreement (BCSA).  The swap agreement […]

Ecobank showcases Bouquet of Digital Products at Pay Expo 2018

5/6/2018/Ecobank Nigeria Ecobank Nigeria, a member of the leading Pan African Banking Group, Ecobank Transnational Incorporated is showcasing a bouquet of Digital Products at the Digital Pay Expo 2018 that opened today in Lagos. Products on display by Ecobank include the Ecobank Mobile App which enables customers instantly open Ecobank […]

FirstBank Partners WorldRemit on Digital Transfer to Nigeria

June 6, 2018 By InvestAdvocate Lagos (INVESTADVOCATE)-First Bank of Nigeria Limited and leading online international money transfer services firm, WorldRemit has partnered for instant money transfers directly to FirstBank accounts in Nigeria. “The new strategic partnership considerably expands WorldRemit’s footprint and allows its customers in over 50 countries to send […]