24/10/2016/The Nation Banks have set limits on overseas Point of Sale (PoS) and online card transactions, The Nation has learnt. Many of the lenders, which are battling a tough dollar scarcity, have pegged monthly transactions on PoS and online transactions using cards at $100, British Pounds Sterling 90, Euro 130 […]
Money Market
The Limits Of The Law Guiding Foreign Exchange Autonomous Market
Culled—Proshare October 24, 2016/ Oct 2016 Legal Alert / Oserogho & Associates Introduction At Independence from British Colonial Rule in 1960, and until the establishment of the Central Bank of Nigeria (“CBN”), foreign currencies earned by exporters, most of who dealt in agricultural produce, were retained in Foreign Bank Accounts […]
Naira holds ground against Dollar in both markets
Culled—Proshare October 21, 2016/TheAnalyst Today Naira appreciated against Dollar in parallel FX market by 0.22% to close at N453.00, but traded flat at interbank FX Market to close at N304.75. Also, end of the week analysis revealed Naira holding ground against dollar in both markets, to appreciate by 1.31% in […]
