Category Archives: Money

Improved Forex supply deflates banks’ e-payment income

forex

BANKS’ income from electronic payment (e-payment) businesses fell by 11.6 percent in 2017, prompted by the improved foreign exchange supply for invisibles by the Central

Avoiding a freeze on your business account

freeze- your-business-account

As you are probably already aware, in order to accept credit cards for your business, you have to open a merchant account with a bank.

Specta online platform advances N2bn loans in four months

sterling-bank-loan

Specta, the revolutionary lending platform powered by Sterling Bank, has advanced consumer loans worth N2billion to salaried workers who are members of the lending platform’s

C & I Leasing’s N7b bond to drive expansion, debt refinancing

nigeria-naira-forex

Records 133% over-subscription C&I Leasing Plc has announced that N7 billion Series I bond which opened on Monday May 21, 2018 recorded 133 per cent

CBN shouldn’t reduce benchmark interest rate – Experts

Central-Bank-of-Nigeria-CBN

Financial and economic experts have said a downward review of the Monetary Policy Rate by the Central Bank of Nigeria will no longer be necessary.

Ghana, others to import fuel from Dangote’s refinery

Ghana, others to import fuel from Dangote’s refinery

Ahead of the completion of the Dangote Oil Refinery, petroleum importing African nations and bulk oil distributors based in Ghana have expressed eagerness to patronise

Using standing order for your business

Using-standing-order-for-your-business

A standing order is an automated method of making payments, where a person or business instructs their bank to pay another person or business a

Trade between Commonwealth countries to hit $1tr by 2020

‘Trade between Commonwealth countries to hit $1tr by 2020’

NEPC, ITC partner to improve women entrepreneurs’ contribution to economy The International Trade Centre (ITC) has announced that the trade between commonwealth countries estimated to

CBN issues guidelines on Naira-Renminbi swap deal

CBN issues guidelines on Naira-Renminbi swap deal

The Central Bank of Nigeria (CBN) on Thursday released guidelines for the bilateral Currency Swap agreement between Nigeria and China. The CBN gave the guidelines

Understanding the differences between debit and credit cards

The best way to ensure the balance between the energy supplied and what an electricity customer consumes is to install a meter. And such a

Airlines target N12.2 trillion profit in 2018 amid slow growth

nigerian-international-airport

The International Air Transport Association (IATA) yesterday announced its expectation for airlines to achieve a collective net profit of N12.2 trillion ($33.8 billion), being 4.1per

‘Dominance of foreign investors not good for stock market’

foreign investors

‘Dominance of foreign investors not good for stock market’ Urge local institutions to increase stake Investor’ lose N1.7 trillion in four months Capital market experts

US stocks end lower on trade war fears, Dow -1.0%

us stock

Wall Street stocks finished solidly lower Thursday after a Trump administration announcement of tariffs on steel and aluminum imports from Europe, Canada and Mexico deepened

CBN funds 704,928 electricity meters, 500 transformers

CBN funds 704,928 electricity meters, 500 transformers

The Central Bank of Nigeria has provided funds to power distribution companies for the purchase of 704,928 meters and for the acquisition and installation of