The Central Bank of Nigeria (CBN) has introduced a new payment system called Real-Time Gross settlement (RTGS) system as part of efforts to implement Payment System Vision (PSV)2020 strategy. Mr Tunde Lemo, CBN Deputy Governor (Operations), made this known while briefing newsmen on Thursday in Abuja. The News Agency of […]
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Bank of England holds course on rates as economy picks up
The Bank of England left monetary policy unchanged on Thursday, sticking to its plan to keep interest rates at a record low until the country’s surprisingly fast economic recovery broadens out. Britain has moved from a laggard to a leader in terms of growth among the world’s biggest economies last […]
FOREX-Euro gains foothold after hitting lows before ECB
* Euro hit overnight after strong U.S. data, Fed * Fed minutes cautious on QE3 taper, but U.S. yields rise * No policy moves expected from ECB meeting, rhetoric eyed * Bullish sterling just off one-year high vs euro The euro recovered some ground ahead of a European Central Bank […]
