Money Market

Union Bank Awarded with PCI DSS Certification

Press Release LAGOS- October 3, 2014 – Union Bank of Nigeria Plc is now certified with the Payment Card Industry Data Security Standard (PCI DSS). PCI DSS is a global security standard for protecting card data, created by leading card companies Visa, MasterCard, American Express, Discover and JCB. The Bank […]

E.C.B. Leaves Key Interest Rate Unchanged

The European Central Bank on Thursday left its benchmark interest rate unchanged, a decision overshadowed by anticipation about plans to begin purchasing private-sector assets this month as a way to revive bank lending and pump money into the eurozone economy. The decision to keep the benchmark interest rate at 0.05 […]

Foreign reserves fall to $39.56bn

The country’s external reserves have fallen by 0.15 per cent to $39.56bn this month, according to latest data from the Central Bank of Nigeria. The reserves had stood at $39.62bn in August and amounted to $45.66bn in September last year. Currency traders attributed the fall to draw downs by the […]