May 26, 2017/Leadership By KAYODE TOKEDE, The Naira appreciated to N380 to a Dollar yesterday as the nation’s external reserves dropped to $30.5 billion. The naira appreciated by N1.00 from N381 per dollar in the parallel market as the Central Bank of Nigeria (CBN) continued to inject fresh capital to […]
Money Market
Banking Sector Reports 304.31 Million Transaction Valued at N22.01 Trillion in Q1 2017 – NBS
May 26, 2017/NBS Click here to download full PDF Report A total volume of 304,307,931 transactions valued at N22.01 trn were recorded in Q1 2017 as data on Electronic Payment Channels in the Nigeria Banking Sector revealed. ATM transactions dominated the volume of transactions recorded. 179, 000, 000 volume of […]
Senate Queries CBN’s Non-Circulation Of Coins, Wants Lower Notes Converted
May 24, 2016/The Will By Ugochukwu Ugwuanyi The Senate has frowned at the non-circulation of coins in the country, advising the Central Bank of Nigeria, CBN, to convert lower naira notes into coins to cater to highly repetitive transactions in the economy. This followed a motion sponsored on Tuesday by […]
