November 7, 2016/Fidelity Bank Plc As part of the renewed efforts to further drive the financial inclusion mandates of the Central Bank of Nigeria (CBN), Fidelity Bank Plc has gone live on the NIBSS mCash product which will allow its registered merchants to receive payments from customers using their phones. […]
Money Market
GTBank, Sterling Bank, four others get Moody’s ratings
7/11/2016/Punch Moody’s Investors Services has assigned national scale ratings to six Nigerian banks. The lenders are: Guaranty Trust Bank Plc, Zenith Bank Plc, Access Bank Plc, Sterling Bank Plc, United Bank for Africa Plc, First Bank of Nigeria Limited and the Bank of Industry. According to a statement by Moody’s, […]
Naira may not fall below 475, say experts
7/11/2016/Punch Oyetunji Abioye Economic and financial experts say the naira may not fall below 475 against the United States dollar between now and end of December. They based the prediction on declining dollar demand and efforts being made by the Central Bank of Nigeria to boost supply of foreign exchange. […]
