Standard Chartered Bank

Nigeria will be technically out of recession by December – Standard Chartered Bank

August 14, 2016 Amurun KelvinLeave a Comment

Standard Chartered Global Research, an arm of Standard Chartered Bank, shows that Nigeria, the second largest economy in Africa, would have grown by 1.6 percent by the end of 2016. In its adjusted gross domestic product (GDP) forecast for 2016, Standard Chartered showed that Nigeria’s economy will grow at a faster pace than South Africa, […]

CBN Limits ATM Withdrawals To N60,000 Daily

August 11, 2015August 11, 2015 Leave a Comment

The battle for defence of the Naira value has widened, affecting existing withdrawal limits on Automatic Teller Machines (ATMs) and foreign transactions on all existing Naira debit cards (ATM cards). In the new arrangement, all ATMs that were hitherto enabled for domestic and foreign transactions have been restructured to limit Naira cash withdrawal at ATMs […]