January 2, 2017/FirstBank It was another night of reward, with FirstBank showcasing the strength of its brand by winning two of the three awards up for grab in the keenly contested Nigerian Electronic Fraud Forum (NeFF) 2017 Annual Dinner and Awards Night held at the Federal Palace Hotel on the […]
Money Market
‘Naira trading at 500 to dollar was scary’
January 2, 2017/Punch Anna Okon The Managing Director, Lacasera Company, Mr. Roland Ebelt, said that at the deepest point of the naira depreciation when the currency traded at 500 to a dollar, local beverage firms were very concerned about losing the market. At that point, he acknowledged that the purchasing […]
A Recovery in Inward Remittances
Culled—Proshare December 29, 2017/FBNQuest Research The CBN’s balance-of-payments data for Q3 2017 show a continuation of the upward trend in workers’ remittances/transfers since the fx reforms earlier this year. We suspect that the principal drivers of remittances through recorded channels are the ease and cost of transactions. The World Bank […]
