August 25, 2016/Reuters Nigeria’s naira was quoted at an all-time low of 409 to the dollar on the black market on Thursday, compared with 402 the previous day, after the suspension of some banks from forex trading made dollars even harder to obtain. The central bank suspended nine commercial banks […]
Updates
Emerging Markets: Driving the payments transformation
August 25, 2016/PwC The dynamic nature of emerging markets creates challenges that have never confronted the developed world, but also opens up opportunities for innovation and growth. Payments is an area where this dynamism is already well-established. Over the next ten years (and beyond) we’re set to see even faster […]
Nigeria’s Central Bank – Shoot First, Think Later
Culled—Proshare August 25, 2016/Exotix Partners What have they done now? Various local Nigerian news articles indicate that the CBN has locked out nine banks from participating in the interbank foreign exchange market for failing to remit US$ government deposits worth US$2.3bn to the Central Bank as part of the Treasury […]
