December 20, 2016/Punch Access Bank Plc says it has received triple recognition at the 2016 EMEA Finance Banking Awards. In a statement on Monday, the lender said it won in three different categories at the annual African banking awards held recently in London. Access Bank won in the three categories […]
Money Market
Naira tumbles to 490 as dollar shortage continues
December 20, 2016/CBN Oyetunji Abioye The naira tumbled against the United States dollar to 490 on Monday from 487 on Friday, as acute shortage of the greenback continued to batter the economy and the country’s foreign exchange markets. Before falling to 487 on Friday, the local currency had consecutively closed […]
Nigeria interbank lending rate eases on budget cash injections
December 16, 2016/Reuters Nigeria’s overnight lending rate fell this week to around 3 percent on Friday from an average of 3.9 percent a week ago on expectations that budget cash will be injected into the banking system on Friday or Monday, traders said. Nigeria, an OPEC member and Africa’s biggest […]
