Money Market

CBN meets bank MDs as naira crashes

The naira, which has been under pressure in the last few weeks, on Monday crashed against the dollar to N173.20 at the interbank market, causing panic in the financial sector. There are also indications that this has prompted the Central Bank of Nigeria to call all bank chief executive officers […]

Ecobank Nigeria launches Western Union Outbound Money Transfer Service in Nigeria

Press Release November 14, 2014 – Ecobank has commenced Western Union Outbound Money Transfer Service In Nigeria. The newly launched service allows Nigerians to send money abroad through any of the over 500 branches of Ecobank Nigeria, while the funds are received in the specified currency in the receiving country. […]