Money Market

JP Morgan: Nigerian bonds face downgrade risk

Federal Government bonds are facing the risk of credit rating downgrade following the expulsion of Nigeria from the JP Morgan Government Bond Index-Emerging Markets, Reuters has reported. Standard & Poor’s, which rates Nigeria four levels below investment grade at B+ with a stable outlook, will release a review of its […]

BoI CEO, Others to X-Ray Banks, SMEs Relations in Nigeria

By InvestAdvocate Lagos (INVESTADVOCATE)-Rasheed Olaoluwa, managing director/CEO Bank of Industry (BOI), will lead other banking and real sector experts to discuss banks and SME relationships in Nigeria at the 2015 Finance Correspondents Association of Nigeria (FICAN) Annual Conference. “Olaoluwa, who is the keynote speaker will speak on the theme of […]

Nigeria, others lose N6.5tn in mobile money transfer

Nigeria and other African nations have lost $33bn (N6.5tn) in mobile money remittance from international and cross border transfer, the World Bank has said. The bank stated this on Thursday in a report entitled ‘Africa’s Mobile Money’, as Nigeria, Africa’s largest remittance nation, prepares to host the 2015 RemitAfrica conference […]