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UBA deploys new technology to boost e-banking

United Bank for Africa Plc says it has deployed a new information technology platform to boost its electronic banking channels. The new platform, called Finacle 10x, will enable customers to… Read more »

Update 1: CBN Says Interbank Closes at 197 Naira to One Dollar

By InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) said on Tuesday the interbank closing rate is 197 naira to one (1) dollar. The naira faced the prospect of a… Read more »

AFRITAC Central Steering Committee Vows to Strengthen Institutional Capacity of Member States

April 3, 2015/IMF The 17th Steering Committee of the IMF’s Regional Technical Assistance Center for Central Africa (AFRITAC) convened on March 26, 2015 in N’djamena, under the Chairmanship of Mr…. Read more »

CBN issues framework for licensing of super-agents

The Central Bank of Nigeria (CBN) on Wednesday issued a framework for licensing super-agents in furtherance of its mandate to develop the electronic payment system in the country. A super-agent… Read more »

CBN approves two models of mobile money services

The Central Bank of Nigeria (CBN) has approved two models for the implementation of mobile money services in the country namely: Bank led, which is a bank and/or its consortium… Read more »

Naira Gains 0.5% in Black Market, Trades 217 to Dollar after Election

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian naira on Wednesday gained 0.5 percent on the black market to trade 217 to the dollar after the 2015 presidential elections in the… Read more »

Nigeria’s 5-year bond yield falls as U.S. investor buys bond -dealer

March 31, 2015/Reuters Nigeria’s 5-year bond yield fell 33 basis points on Tuesday after a U.S. investor bought government debt, with uncertainty surrounding presidential elections in Africa’s biggest economy easing,… Read more »

External reserves fall to $29.79bn

The nation’s foreign exchange reserves fell by 4.9 per cent to $29.79bn on March 30, from $31.35bn in February, data from the Central Bank of Nigeria on Tuesday showed. Year-on-year,… Read more »

GTBank Names First Female CBN Director Osaretin Afusat Demuren New Chairman

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s top tier lender, Guaranty Trust Bank Plc (GTBank) said its set to appoint Nigeria’s first female director of the Central Bank of Nigeria (CBN),… Read more »

Tackling Small and Medium Sized Enterprise Problem Loans in Europe

Wolfgang Bergthaler, Kenneth Kang, Yan Liu, and Dermot Monaghan/IMF The global financial crisis has left a large private sector debt overhang and high levels of nonperforming loans (NPLs) in several… Read more »