By InvestAdvocate New York (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) in its effort to stabilise the naira has authorised agent banks approved for international money transfer operators to sell foreign currency accruing from inward money remittances to licenced Bureau De Change operators. This is contained in a circular with reference […]
Tag: Naira
Nigeria agrees currency swap with China to shore up naira, help fund deficit
Tue Apr 12, 2016/Reuters By Felix Onuah Nigeria on Tuesday agreed a currency swap deal with China, officials said, as it looks for ways to shore up its ailing currency and fund a record budget deficit, possibly by issuing yuan-denominated bonds in China. The West African nation is facing its […]
FirstBank ATMs – More than a Cash Machine
April 5, 2016/First Bank of Nigeria Ltd A distinct leader by total assets and gross earnings in the Nigerian banking industry, First Bank of Nigeria Ltd, a subsidiary of FBN Holdings Plc, is validating its leadership position yet again as it presently accounts for 45 percent of bills payment services […]
