Culled—Proshare June 13, 2017/CBN The Central Bank of Nigeria (CBN) has intervened in the inter-bank Foreign Exchange market to the tune of $413.5 million, further underscoring its resolve to guarantee liquidity in the market as well as shore up the international value of the naira. Giving a breakdown of the […]
Money Market
WorldRemit launches with Android Pay to offer mobile-to-mobile transfers to the world’s unbanked
June 13, 2017/WorldRemit WorldRemit (www.WorldRemit.com), the leading digital money transfer service has added Android Pay to its service, offering a new way for WorldRemit’s Android Pay users to send money internationally and reach millions using mobile money accounts. Pioneering a mobile-first approach to the $600bn a year remittance industry, the […]
Market Forces May Drive Down Interest Rate
Culled—Proshare June 12, 2017/FSDH Research Our review of recent macroeconomic indicators and financial developments in Nigeria suggests that market forces may soon drive down interest rates and yields on fixed income securities. The yield on the 364-Day Nigerian Treasury Bills (NTBs) has been on the increase since January 2016. This […]
