Official rate of Naira may drop to 320/$1 in 2017- Analysts

Foreign exchange analysts at Ecobank have predicted that the Naira may drop further to N320 to a Dollar at the official interbank exchange rate...

MasterCard announces new payment app

MasterCard has announced the roll out of the Identity Check Mobile, a new payment technology application that uses biometrics, including fingerprint and facial recognition,...
Naira

Naira gains further as inter-bank rate hits 29.5%

The Nigerian currency, the Naira, over the weekend closed at an appreciable rate of 386 to a dollar, stronger than 388 traded in the...
banking

UBA reverses self on ATM card restriction

In response to reactions towards its restricting customers from using their ATM cards for several transactions, the United Bank of Africa (UBA) appears to...

Naira slides to 489/$1 at parallel market

The  Naira yesterday depreciated marginally to close at 489 or 490 per US dollar, against N487 to a dollar it sold on Wednesday, with customers getting the higher...

Ecobank Nigeria on path of market leadership – CEO

The Managing Director, Ecobank Nigeria, Charles Kie, has said the lender is on the path of attaining market leadership. According to him, “with our bank-wide...

Naira appreciates to N487/$1 at parallel market

The Naira yesterday appreciated by N3 to close at N487 per US dollar from Tuesday’s N490, having traded for 495 per dollar last Friday...

FirstBank, GTBank, others increase Dollar spending limits on Naira cards

First Bank of Nigeria Limited, Guaranty Trust Bank, Ecobank Transnational Inc and First City Monument Bank (FCMB), among many other lenders, have increased the...

FG sells N173bn Treasury bills at steady yield

The Central Bank of Nigeria (CBN) sold N172.85 billion ($550 million) treasury bills on Wednesday with yields unchanged from the previous auction, held in the third...
Naira

Naira gains further as CBN injects $457m in forex market

As the Central Bank of Nigeria (CBN) injected $457.3 million into various segments of the forex market, the Naira, on Tuesday appreciated further to...