30/4/2018/InvestmentOne Report On April 21st 2017, the CBN established the Investors & Exporters (I&E) Window with the purpose of boosting liquidity in the FX market and ensuring timely execution and settlement of eligible transactions. The creation of the I&E FX Window followed the increase in foreign exchange reserves to US$30.3billion […]
Money Market
CBN Says N100,000 Limit Per Day USSD Transaction Commences June 1, 2018
By InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Thursday said with effect fgrom June 1, 2018, bank customers using the Unstructured Supplementary Service Data (USSD) channel to transact will be limited to not more than N100, 000 per day. This is contained in circular dated April 17, 2018 […]
Diamond Bank to Sell its UK Banking Operations to Focus on Nigeria
April 26, 2018/Diamond Bank Plc Diamond Bank Plc (“Diamond Bank”) – Nigeria’s fastest growing retail bank – is to sell its UK banking operations, Diamond Bank UK, in order to focus on Nigeria and its significant retail banking opportunity. As part of the process, Diamond Bank has signed a Share […]
