Culled—Proshare February 23, 2017/FDC Tweaking the forex policy and increasing supply helped the naira recover 5% of its value in 2 days to N495/$. Before we get carried away, we must remember that this recovery is only as good as the supply remaining consistent. The good news is that oil […]
Money Market
Naira continues gain, closes at 505/dollar
23/2/2017/Punch The naira recorded further gain against the United States dollar on the parallel market on Wednesday, reversing part of the loss it had recorded in recent days. Specifically, the naira rose to 505/dollar on Wednesday, up from 512/dollar on Tuesday, as the Central Bank of Nigeria started increasing dollar […]
Seven Currencies, One Cash Passport
…..Mastercard and Canada Post Introduce Multi-currency Prepaid Card February 22, 2017/MasterCard Mastercard and Canada Post, with collaboration from Payment Source Inc. and Peoples Trust Company, today announced the launch of Cash Passport, the latest payment solution for smart and simple travel. The contactless (tap) card, which allows you to load […]
