July 2, 2016/Punch The nation’s interbank overnight rate fell to five per cent on Friday from 15 per cent a week ago, as cash from maturing treasury bills and payments by the government to contractors helped boost liquidity. The increased cash flow left the money market with a N267.10bn surplus […]
Money Market
AfDB approves Trade Finance Loans to First Bank of Nigeria and FSDH Merchant Bank, Nigeria
June 29, 2016/AfDB The Board of Directors of the African Development Bank (AfDB) approved on Monday, June 27, 2016, in Abidjan, US $300-million and US 50-million Trade Finance Loans to First Bank of Nigeria (FBN) and FSDH Merchant Bank Nigeria (FSDH), respectively. The two facilities are part of the AfDB’s […]
FirstBank Partners Asian Banker to host West Africa International Banking Convention 2016
June 29, 2016/First Bank of Nigeria Ltd In line with its commitment to the realization of a sustainable and competitive retail banking environment in West Africa, First Bank of Nigeria Limited, Nigeria’s most valuable bank brand has partnered with the Asian Banker Magazine to host the 3rd West Africa International […]
