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UBS unveils Year Ahead Outlook for 2019

December 11, 2018/UBS Investors will need to weather more volatility in order to capture opportunities in 2019, according to the Year Ahead report from UBS, the world’s leading wealth manager…. Read more »

Average Money Market Rate Rose to 8.24% to Settle at 25.21%

Culled—Proshare December 10, 2018/Anchoria AM Research   Money Market The money market rate increased significantly last week as the Overnight rate (OVN) and Open Buy Back (OBB) rose to 26.08% and… Read more »

Spacefinish Unveils New Innovative Office Space for Renmoney

From a train converted into an alternative workspace to beautiful lights dangling from the ceiling, Spacefinish stays true to their vision to improve lives by creating offices that drive innovation,… Read more »

Fitch Affirms Nigeria’s FCMB at ‘B-‘; Outlook Stable

December 10, 2018/Fitch Ratings Fitch Ratings has affirmed First City Monument Bank Limited’s (FCMB) Long-Term Issuer Default Rating (IDR) at ‘B-‘. The Outlook is Stable. A full list of ratings… Read more »

Heritage Bank Receives Award for Improving “Young Business Owners in Nigeria”

December 5, 2018/Heritage Bank Ltd Heritage Bank Plc, Nigeria’s Most Innovative Banking Service Provider has been awarded for its Outstanding Contributions toward improving the lives of Young Business Owners in Nigeria… Read more »

Nigerian Banks Report N340.15 Trillion on Electronic Payment Channels in Q3, 2018-NBS

December 3, 2018/NBS A total volume of 5,294,871,285 transactions valued at N340.15trn were recorded in Q3 2018 as data on Electronic Payment Channels in the Nigeria Banking Sector revealed. Automated… Read more »

CBN Approves Diamond Bank to Operate as a National Bank

December 1, 2018/NSE Diamond Bank wishes to notify the Nigerian Stock Exchange (‘NSE’) and the General Public that Diamond Bank Plc (“The Bank”) has received the approval of the Central… Read more »

CBN Introduces Special Intervention Day for FOREX Sales to BDCs WEF Dec 6, 2018

November 30, 2018/CBN This is to inform Bureau De Change (BDC) Operators and the general public that with the approach of the yuletide season and the resultant increase in the… Read more »

The Benefits of Bitcoin to a Mwananchi (Local Kenyan)

November 30, 2018/ Paxful Kenya has a fast-growing economy even though the disparity between the rich and the poor is apparent. Cryptocurrency, bitcoin, in particular, can bring financial inclusion to… Read more »

Naira Depreciates Against Dollar Third Straight Day at Black Market

November 30, 2018 By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-TheNigerian naira on Thursday depreciated against the United States dollar for third consecutive day in the parallel market, declining by 1.08 percent… Read more »