October 13, 2023/UBA Plc Africa’s Global Bank, United Bank for Africa (UBA) Plc, is set to commence a Fraud Awareness Week – an initiative aimed at empowering customers with knowledge and tools to protect them against fraud and financial malpractices in the banking and financial sector. As a bank renowned […]
Money Market
CBN Restates Commitment to Boost FX Liquidity
October 13, 2023/Cordros Report In a circular dated 12 October, the CBN highlighted six measures, restating its commitment to boost liquidity in the Nigerian Foreign Exchange Market (NFEM). While most of these highlights are the CBN’s restatement of commitments to previous communications, the most significant highlight for us is the […]
Ban on 43 items lifted; Rational move but still more like clearing the cobwebs
October 13, 2023/CSL Research According to a new communiqué issued by the Central Bank of Nigeria (CBN), importers of all 43 items previously barred from obtaining foreign cash through official channels are now permitted to purchase foreign exchange in the Nigerian foreign exchange market. The CBN also stated that it […]
