MONEY MARKET

Ecobank Nigeria has launched Ecobank MasterPass QR, a Mastercard global digital system that allows people to pay for services using mobile phones. The innovative new platform will also enable micro, small and medium enterprises (MSMEs) in the country to receive digital payments from millions of customers. Ecobank Masterpass QR, makes...

The Naira on Friday appreciated marginally at the interbank market, gaining 0.86 per cent against the dollar. The Nigerian currency closed at N310.20 from N326.81 it traded at the interbank market on Thursday. It, however, dipped three points to N423 at the parallel market, from its Friday rate of N425...

River State government has commended Heritage Bank for its role in enhancing youth entrepreneurship development and engendering self-employment through its various initiatives and products. The government lauded the bank’s effort to lead the recovery of the Nigerian economy via schemes such as the administering and management of the Central Bank...

The Federal government has offered a three-year tax holiday to mining investors to raise as much as $7 billion to develop the nation’s minerals and steel industries. The tax incentive will start "from the date the investor commences mining operations in the country," Mines and Steel Development Minister, Dr. Kayode...

Access Bank School of Banking Excellence has won the Chartered Institute of Bankers of Nigeria (CIBN) award for the Best Bank Academy in the year 2016. The award was in recognition of the quality of the curriculum of the school and quality of the graduates as well as the consistency...

The Central Bank of Nigeria (CBN) has said that it was planning to borrow N952.04 billion ($3.02 billion) with new issues of Treasury Bills from September 15 to December 1, 2016. The CBN in its latest Treasury Bills issuance calendar said it would sell N264.47 billion worth of three-month bills,...

The Central Bank of Nigeria (CBN) will be hosting the September edition of the Finance Correspondents Association of Nigeria (FICAN) Bi-Monthly Forum in Lagos. The event, with theme: ‘Development in the Electronic Payment Industry in 2016’ will hold on Saturday, September 10 at the FICAN Centre, Onipanu Lagos. The Guest...

The Central Bank of Nigeria (CBN) would raise about N1.77 billion in Treasury Bills (TBs) in the last three months of the year. According to the CBN fourth quarter Treasury Bill Issue Programme  released on Monday, the apex bank said it plans to raise about N815.37 billion, comprising 91 days,...

Shareholders of four banks listed on the Nigerian Stock Exchange (NSE) will receive a sum of N29.7 billion in dividend for the half year ended June 30, 2016 despite the severe macro economy challenges. Given the challenging operating environment and stiff regulatory environment, analysts have expressed that investors in the...

Wema Bank Plc has continued its expansion plan with the reopening of its branch in Minna, Niger State. This comes barely a year after the bank obtained a national banking licence from the Central Bank of Nigeria (CBN). “After Mr. Segun Oloketuyi took over the management of Wema Bank in...