Money Market

Diamond Bank Names Chris Ogbechie New Chairman

By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s mid-tier lender Diamond Bank Plc on Wednesday said it has appointed Chris Ogbechie a non-executive director as new chairman of its board, according to a notice from the bank to the Nigerian Stock Exchange. This is coming on the heels of the board meeting of the […]

First Mobile Money Solution Launches in Peru

January 14, 2015/MasterCard MasterCard and Movistar announced the launch of “Tu Dinero Movil“ (Your Mobile Money), the first mobile money service in Peru. This solution was developed by both companies to enable financial inclusion for the more than 16 million Movistar users across country. Customers will be able to access […]

CBN Limits Interbank Dollar Holdings to 72 Hours

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE) – The Central Bank of Nigeria (CBN) said on Tuesday that banks are required to use dollars bought from the interbank market within 72 hours from the valued date, after which they must be returned to the CBN for re-purchase at the Bank’s buying […]