November 14, 2016/UBA Plc Pan African banking Group, UBA has emerged the best institution in Corporate Social Responsibility (CSR) in West Africa. Its CSR arm; UBA Foundation won the best CSR/Sustainability, West Africa Award at the 10thSERAs (Social Enterprise Report Awards) ceremony which held at the Muson Centre in Lagos […]
Money Market
CBN Says Interchange Fee to Replace Merchant Service Charge Effective May 01, 2017
November 11, 2016/CBN With the introduction of the Cash-Less Nigeria Project and the release of the Guidelines on PoS Card Acceptance Services, the CBN outlined the Merchant Services Charge (MSC) and the modalities for its operation in the payments system. This hard enhanced the issuance and utilization of cards transaction […]
DSS Raids Black Market FX Dealers
November 10, 2016/Cordros Nigerian security agents, in a bid to support the LCY, raided the offices of black market FX dealers today, detaining some and ordering others to sell dollar at an enforced rate, according to Reuters. The officers of the Department of State Services (DSS) had earlier directed the […]
