Nigeria’s financial inclusion reaches 79% — EFInA
By Matthew Johnson The Enhancing Financial Inclusion and Advancement (EFInA) has released its ninth Access to Financial Services in Nigeria (A2F) Survey, showing that 79% of Nigerian adults use a financial product or service. Formal inclusion reached 73%, exceeding the 70% target under the National Financial Inclusion Strategy. EFInA’s Board Chair, Dr Agnes Olatokunbo Martins, […]
Oil prices creep up following positive data
Oil prices edged higher Friday amid resurgent demand in Asia and positive economic data in the United States and Europe that supported hopes the global economy is pulling out of recession.
Dollar recovers some gains amid renewed caution
The dollar traded mainly higher Friday as currency traders turned more cautious in the face of a struggling stock market and mixed economic news.
Cost of funds falls by 30% as N250bn inflow lifts interbank
Cost of funds in the interbank money market went down by 30 per cent following the inflow of N250 billion from excess crude revenue and Agriculture Credit fund
FCMB rolls out 250,000 Verve cards
First City Monument Bank (FCMB) Plc has produced and launched about 250,000 Verve Automated Teller Machine (ATM) debit cards for use by its customers
Banks commence retail trading of bonds on stock exchange
Banks treasurers under the aegis of have decided to commence retail trading of bonds on the stock exchange.
