Tag: Lagos

Nigeria’s Naira Snaps Three Days of Advances as Crude Declines

By Chris Kay/ Bloomberg The naira weakened, snapping three days of gains against the dollar as crude, Nigeria’s key export, retreated in New York and London. The currency of Africa’s biggest oil producer depreciated 0.1 percent to 160.84 per dollar as of 2:57 p.m. on the interbank market in Lagos, […]

ATM fraud has declined by 98.5% – CBN

The Central Bank of Nigeria on Wednesday said that fraud relating to Automated Teller Machine had declined by 98.5 per cent. The Director, Banking and Payments System Department, CBN, Mr. Dipo Fatokun, said this at a sensitisation workshop on cash-less policy in Lagos. He said, “Since the financial reform started, […]