Money Market

FirstBank Drives Convenience and Financial Inclusion with Firstmonie Agents

…Activation Kicks off in Lagos and Ogun states December 11, 2017/FirstBank First Bank of Nigeria Limited has continued to demonstrate its commitment to providing the best financial solutions to its customers and driving financial inclusion among the under-banked and unbanked populace. The Bank launched Agent banking services, on the refreshed […]

WorldRemit raises $40m to target 5 million customers in Africa

7/12/2017/WorldRemit Leading digital money transfer service WorldRemit (www.WorldRemit.com) has raised $40m to drive its next phase of global growth, aiming to serve 10 million customers connected to emerging markets. Half of these customers will be in Africa. As part of the expansion, WorldRemit will enable customers in Africa to transfer […]

Naira Stability, Policy Stability

Culled—Proshare December 5, 2017/FBNQuest Research   Today’s chart highlights the average official (interbank) and bureaux de change exchange rates over the past two years. Fx scarcity and therefore a large rate differential marked the period through to Q1 2017 when the CBN started to experiment with multiple currency practices (MCP).    […]