Money Market

CBN Injects $210m into Forex Market

Culled—Proshare November 20, 2017/CBN  As the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) commenced its last meeting for 2017, the Bank on Monday, November 20, 2017, intervened in the inter-bank Foreign Exchange Market to the tune of $210,000,000. Figures obtained from the Bank reveal that the […]

Ecobank Now Charges One Percent on Rapid Transfer Payments

November 20, 2017/Ecobank Nigeria November 17, 2017 – Ecobank Nigeria has announced a one (1%) percent fee on all Rapid Transfer payments via the Ecobank Mobile app from now through December 31, 2017. This promotion is designed to support citizens who have need to send money to love ones across […]

Arsenal welcomes WorldRemit as first-ever Official Online Money Transfer Partner

November 17, 2017/WorldRemit WorldRemit becomes the first Official Online Money Transfer Partner of the Premier League club, Arsenal (www.Arsenal.com). The leading digital money transfer business, formed by a UK-based entrepreneur from Somaliland, has joined forces with Arsenal to accelerate the company’s growth and help more people save money on international […]