July 7, 2023/CBN The Central Bank of Nigeria (CBN) on Thursday warned banks and other financial institutions against the risk of transactions with Cameroon, Croatia and Vietnam. This was contained in circular 09-46237427 with reference number FPR/AML/PUB/BOF/001/029 and signed by Chibuzo Efobi, director, financial policy and regulation, in a warning […]
Money Market
Fitch Foresees Upgrade of Ecobank’s National Ratings as exchange-rate volatility recedes
July 5, 2023/Ecobank Nigeria Fitch Ratings says it foresees an upgrade of ENG’s National Ratings which would result from strengthening its creditworthiness relative to other Nigerian issuers. According to the international rating agency, it expects to resolve the Rating Watch Negative (RWN) of ENG “within the next six months when […]
Personal Statements by the MPC Members at the 148 MPC Meeting Held May 23-24, 2023
July 3, 2023/CBN 1. ADAMU, EDWARD L. Global output recovery is expected to continue albeit at a slower pace amid financial market uncertainties sparked by the recent wave of banking system troubles in the United States and Europe. Because of this and other established geo-political headwinds like the war in […]
