Money Market

Naira to Appreciate Ahead of Heavy Injection of FX by CBN as FX availability excites manufacturers

Culled—Proshare May 8, 2017/CBN Strong indications emerged over the weekend that the Central Bank of Nigeria (CBN) is set to inject more foreign exchange through intervention segments of the market thereby heightening expectations that the Naira will appreciate significantly during the week. The expectations became rife following the inability of […]

UBA Revolutionises Mobile Payments with *919# Magic Banking

May 5, 2017/UBA Plc In line with its determination to dominate Africa’s mobile banking space with the introduction of cutting edge technology-driven products and services, United Bank for Africa (UBA) Group, leading African financial institution, has introduced a full-fledged banking platform, tagged UBA Magic Banking and enabled by dialling *919# within Nigeria. […]

Dealers Fail To Subscribe Fully to CBN $100m Offer

Culled—Proshare May 3, 2017/CBN The Central Bank of Nigeria (CBN) says authorized dealers were able to subscribe to $65.94 million out of the $100 million offered by it at the inter-bank wholesale transactions concluded on Wednesday, May 3, 2017. The Bank also on Wednesday offered another $150 million to be […]