March 15, 2017/CashlessAfrica Leading digital payment solutions provider, Mastercard (www.Mastercard.com), has been unveiled as the headline sponsor of the 6th Edition of the CashlessAfrica Conference and Expo (http://CashlessAfrica.com). The event is organised by Mobile Money Africa and is scheduled for 22 to 23 March, at the Oriental Hotel, Lekki in […]
Money Market
Naira falls against dollar at official market
March 15, 2017/Punch ’Femi Asu with agency report The naira weakened for the second consecutive session on Tuesday after the Central Bank of Nigeria sold the United States dollar at its highest level ever on the official interbank market. Traders said the CBN sold $1.5m at N305.75 per dollar. Commercial […]
Nigeria central bank to offer $150 mln in forwards
March 14, 2017/Reuters Nigeria’s central bank said on Tuesday it will sell $150 million in currency forwards on the interbank market through commercial lenders. The central bank, which has been intervening on the official currency market over the past two weeks, told lenders that Tuesday’s sale will be settled within […]
