Press Release Enterprise Bank has been appointed as a lead bank as well as collecting bank for various payment schemes of the Institute of Chartered Accountants of Nigeria (ICAN). A letter from the institute to its stakeholders, which is titled, ‘Appointment of Enterprise Bank as collecting bank for the Institute […]
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CBN dollar sale jumps by 260%
The increasing pressure on the naira may have made the Central Bank of Nigeria’s weekly dollar sale at the Retail Dutch Auction System to increase by 260.5 per cent, according to the central bank’s statistics. The data indicated the central bank offered a cumulative total of $3bn to defend the […]
ECB and Bank of England keep benchmark rates
The European Central Bank (ECB) today kept its benchmark interest rate unchanged at a record low following data suggesting that the economy in the single currency area maybe improving at last. Also Thursday, the Bank of England kept its monetary policy unchanged as seeks to produce new guidance on interest […]