Nigeria Inter-Bank Settlement System Plc on Wednesday said it realised N3.8bn in gross earnings for the financial year ended June 30, 2013. The Chairman, NIBSS, Mr. Tunde Lemo, said this at the company’s Annual General Meeting in Lagos. According to him, the company’s gross earnings for 2013 represent a 52 […]
Tag: Interbank
Nigeria naira closes flat as banks short U.S.dlr
Nigeria’s naira traded flat on the interbank market on Monday as lenders exited the U.S. currency to cover their funding needs on the local currency amid tight naira liquidity. The central bank withdraw 242 billion naira from the banking system two weeks ago to enforce a new cash reserve […]
Nigerian naira flat, oil firm dollar sales support
Nigeria’s naira closed broadly flat against the U.S dollar on the interbank market on Monday as two multinational oil companies sold about $107 million to some lenders. The unit ended flat at 161.48 naira to the greenback on the interbank, after weakening to 162 naira during intra-day trade. It closed […]
