May 23, 2017/Vanguard By Babajide Komolafe The Central Bank of Nigeria (CBN) yesterday injected $205 million into the foreign exchange market even as the naira depreciated to N379 per dollar in the parallel market. Acting Director, Corporate Communications Department, CBN, Mr. Isaac Okoroafor confirmed the dollar injection in a statement […]
Money Market
Nigeria central bank seeks to ease naira pressure with $100 mln auction
May 22, 2017/Reuters By Oludare Mayowa | LAGOS May 22 Nigeria’s central bank plans to sell $100 million at a special wholesale spot and forwards auction on Monday as it tries to improve dollar liquidity and ease pressure on the naira. Africa’s largest economy, grappling with a currency crisis brought […]
Going Cashless in Cameroon Made Easy with Launch of the UBA Debit Mastercard
May 22, 2017/Mediacraft United Bank for Africa (UBA) today announced the rollout of the Debit MasterCard card in Cameroon in support of financially empowering all citizens. Focused on displacing cash, the electronic payment solution will deliver a quick, convenient and secure payment alternative for all citizens – instantly. In line […]
