August 28, 2017/Punch Oyetunji Abioye The naira closed at 370 to the United States dollar on Friday, as dollar supply from the Central Bank of Nigeria continued to wane. The local unit, which used to hover between 360 and 365 to the greenback, has been trading between 367/dollar and 370/dollar […]
Money Market
CBN to approve Cryptocurrency & Blockchain Technology
Culled—-Proshare August 25, 2017/News The Central Bank of Nigeria (CBN) sequel to setting up of an industry committee to look into and articulate a road map for Blockchain & Cryptocurrency regulation has reiterated that it will not hinder the use of digital currencies in Nigeria. The regulator in a recent […]
Ecobank Raises MasterCard Limits For International Spend
August 25, 2017/Ecobank Nigeria Ecobank Nigeria has again reviewed, upwards, the daily limit that customers can spend with their naira MasterCards for international transactions. With this review, the spending limits currently applicable for customers, using an Ecobank naira MasterCard, for international spend on Point of Sale (PoS) and online channels […]

