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. […]
Money Market
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 […]
GTBank, FCMB, Union Bank Expelled from Wholesale Forex Window over Infractions
May 2, 2017/The Will The Central Bank of Nigeria (CBN) has banned over a dozen commercial banks in Nigeria from the highly lucrative Wholesale FX window (spot and forwards) for deliberately frustrating efforts by small and medium scale enterprises (SMEs) to access foreign exchange from the new forex window created […]
