The naira appreciated at both the interbank and parallel market segments of the forex market last week as the Central Bank of Nigeria (CBN) met the dealers’ demand. The value of the naira against the dollar, monitored by THISDAY in Lagos, showed that save for the Wholesale Dutch Auction System […]
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Analysts hinge financial sector growth on efficient e-payment
Notwithstanding the push being given the electronic payment system, experts say growing the financial sector of the economy through an efficient e-payment scheme can only be achieved through motivation and effective collaboration among stakeholders, ADEMOLA ALAWIYE writes One of the biggest and growing technological innovations in the area of banking, […]
CBN Bans Clearing of Financial Instruments of Liquidated Banks WEF Jan’02 2013
By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s Central Bank Tuesday prohibited the clearing of Financial Instruments by Liquidated Banks with effect from January 02 2013. This was contained in Circular dated November 27 2012 and signed by Dipo Fatokun, Director, Banking and Payments System Department of the CBN and posted on its website. […]
