5/3/2017/Reuters Morocco’s central bank has approved the use of five types of Islamic banking transaction, giving a final regulatory nod for the country to launch an Islamic finance industry. Islamic banks and insurers are setting up in Morocco after new legislation allowed them into the market, and the central bank […]
Money Market
CBN new forex policy fails to excite foreign investors
6/3/2017/Punch Foreign investors are still staying on the sidelines, waiting for the naira to float freely, as the latest foreign exchange policy of the Central Bank of Nigeria has failed to restore confidence, ‘FEMI ASU writes While the nation’s forex market has seen increased liquidity in recent days on the […]
Naira may reverse losses this week on dollar injection
6/3/2017/Punch Oyetunji Abioye The naira is expected to reverse the losses recorded last week during the week as the Central bank of Nigeria pumps more dollars into the foreign exchange market. According to economic and currency analysts, the local currency may become steady in the coming days after the currency […]
