Money Market

CBN to Address N9.6 Trillion Financing Gap for SMEs

By InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria has resolved to tackle the N9.6 trillion financing gap in the Small and Medium Enterprises (SMEs) sub-sector of the economy. Ibrahim Mu’azu, CBN’s  director of Corporate Communications who disclosed this at the weekend, said disbursement of significant part of the N220 billion […]

Nigeria central bank to hold interest rate on Sept 22

September 18, 2015/Reuters Nigeria’s central bank will wait until November to hike interest rates in Africa’s biggest economy, but analysts say it needs to ease the cash reserve ratio on commercial banks first to free up liquidity and kick-start money market trading as soon as possible. A Reuters poll on […]

Fidelity Bank begins Saturday Banking Services

September 18, 2015/Fidelity Bank Plc Consistent with its commitment to exceptional customer service, Fidelity Bank has announced the commencement of Saturday banking services in select branch locations across the country. This initiative which is in line with the Bank’s mission to make financial services easy and accessible is part of […]