Money Market

10 Nigerian banks make top 1000 world bank ranking

4/7/2016/Daily Trust By Sunday Michael Ogwu Ten Nigerian banks led by Zenith, First Bank and Guarantee Trust Bank (GTB) have made the 2016 Top 1,000 World Bank ranking by Financial Times. The prestigious financial magazine published top 1,000 banks for 2015. The survey evaluated over 1250 banks from over 100 […]

CBN examines Brexit risks on Nigeria

4/7/2016/Punch By Oyetunji Abioye The Central Bank of Nigeria says it is examining the potential and future risks of the recent exit of the United Kingdom from the European Union. The UK had a few days ago exited the EU following the results of a referendum it conducted. The Deputy […]

Manufacturers lose N348.6bn to new forex policy

4/7/2016/Punch Anna Okon Manufacturers who had outstanding dollar requests and Letters of Credit (applied for at N197/dollar) before the new foreign exchange policy came into existence lost approximately  N348.6bn by Monday, June 20, 2016, the day the policy commenced, findings by our correspondent have revealed. The outstanding LCs and dollar […]