Money Market

Nigeria’s Banking Sectors Reports N2.16Trillion E-Channel Transactions in Q2 2020-NBS

September 9, 2020/NBS A total volume of 2,160,436,659 transactions valued at N263.78trn were recorded in Q2 2020 as data on Electronic Payment Channels in the Nigeria Banking Sector revealed. Online Transfer transactions dominated the volume of transactions recorded. 1,317,621,686 volume of Online Transfer transactions valued at N72.25trn were recorded in […]

No Respite for the Naira as International Flights Resume

Culled—Proshare September 9, 2020 by FDC International flights resumed operations on the 7th of September after a 5-month hiatus induced by COVID-19. The resumption stemmed the appreciation of the naira in the parallel market witnessed last week. The short-lived rally was on the back of the CBN’s announcement of the […]

UnionPay International partners Interswitch to accelerate payment digitalization

September 9, 2020/Mediacraft UnionPay International (UPI) and Interswitch on Wednesday, September 9, 2020, announced their partnership, confirming Interswitch as a Third-Party Service Provider (TPSP) for UnionPay International in East Africa. The partnership supports the vision and mission that enables further payment digitalization across the continent, allowing cardholders and merchants within […]