By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The central bank of Nigeria (CBN) on Monday issued a new minimum capital requirement of N35 million for bureau de change (BDC) operators in Nigeria. This is contained in a statement by Isaac Okoroafor for director, corporate communications department of the CBN and posted on […]

United Bank for Africa Plc says its debit and prepaid cards are now accepted on the PayPal gateway. PayPal, one of the world’s largest online payment platforms, had last week added Nigeria to its global operations. PayPal allows individuals and businesses to make easy international payments. It has been used […]

(This statement was made by Fitch Ratings on June 19, 2014) Fitch Ratings-London-19 June 2014: Fitch Ratings has affirmed Stanbic IBTC Holding Company Plc’s (SIBTCH) National Long-term rating at ‘AAA(nga)’ and National Short-term rating at ‘F1+(nga)’. The affirmation follows Fitch’s rating action on South African banks on 17 June 2014, […]