Money Market

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CBN Enhances Minimum Qualifications for Bank CCOs to Ensure Strict Compliance

September 30, 2016/CBN In its attempt to ensure strict compliance with all extant regulations; particularly those relating to foreign exchange transactions, Financial Action Task Force (FATF) and Anti-Money Laundering/Combating the… Read more »

Update

Naira Breaks Historic Low, Hits 490/$, Strengthens 475/$ in Parallel Market

By InvestAdvocate Lagos (INVESTADVOCATE) – The Nigerian naira on Friday broke a historic low of N490/$, in multiple sessions before eventually settling at N475 per dollar in the parallel segment… Read more »

Update

Bank Modifies International Spend Limits on Naira Debit Cards

Culled—Proshare September 30, 2016- As the forex scarcity which currently faces the country continues to bite harder, indications have emerged that banks have started to adjust international spend limits. Daily… Read more »

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