Culled—Proshare July 20, 2017/FSDH Research We expect the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) to hold rates at the current levels when the Committee meets on July 24 and 25, 2017. Although the need to stimulate economic growth justifies an expansionary monetary policy decision, it […]
Money Market
Mastercard Expands QR Payments Choice
July 19, 2017/Mastercard Mastercard today outlined plans for greater choice in retail payments through the planned expansion of its QR-based programs. Beginning this month, the company will broaden its solutions to offer QR codes that can be scanned by either consumers or merchants under a common set of global specifications. […]
UBA Increases International Spend Limit on Naira Cards to $2000
July 19, 2017/UBA Plc Pan-African financial institution, United Bank for Africa (UBA) Plc has announced an immediate upward review of the monthly international spend limit on its debit and prepaid Naira cards from $100 to $2,000. The upward review, which represents a marked increase by 1,900 per cent, allows customers […]

