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 […]
Money Market
Naira Appreciates 0.09% to N360.78 in Investors and Exporters Window
June 5, 2018 By InvestAdvocate Lagos (INVESTADVOCATE)-The naira on Tuesday appreciated by 0.09 percent to N360.78 in the Investors and Exporters Window (IEW) and climbed up 0.28 percent to N362.78 in the parallel market, according to Cordros daily market update. “That was amidst the announced approval by the Central Bank […]
Forex: CBN Okays Wider Margin for BDCs
…Offers $100m to wholesale segment; …Invisibles, SMEs windows get $55 m each Culled—Proshare 4/6/2018/CBN The Central Bank of Nigeria (CBN) has approved an upward review of the trading margin available to operators of Bureau De Change (BDC) in the country. Consequently, BDC operators are now to buy the United […]
