September 23, 2016/Punch Oyetunji Abioye The naira hit a new record low of 436 against the United States dollar at parallel market on Thursday, down from 428 on Wednesday, as dollar shortages on the official market persist. The development came amid depleting external reserves, which stood at $24.8bn on Monday. […]

22/9/2016/Punch The Nigerian currency on Wednesday depreciated against the three major currencies in all the segments of the Forex market. The naira fell at the parallel market to N428 against the dollar, N550 against the Pound Sterling and N468 per Euro. The currency had exchanged for N424, N550 and N471 […]

September 20, 2016/NSE The Bank has observed the growing exposure of banks on payments solution service providers’ platform, due to operational failures. In furtherance of its responsibility for effective oversight of the payments system, and the need to address the issue, the bank hereby direct as follows: 1.       All Banks […]