March 15, 2023/Moody’s Investors Service We have changed to negative from stable our outlook on the US banking system to reflect the rapid deterioration in the operating environment following deposit runs at Silicon Valley Bank (SVB), Silvergate Bank, and Signature Bank (SNY) and the failures of SVB and SNY. Although […]
Money Market
Failed e-Payments and Lack of Cash weigh on Economic Activities
March 15, 2023/United Capital Research Most recent data from the Nigeria Inter-Bank Settlement System (NIBSS) revealed that the total value of cashless transactions in the Nigerian economy declined by 4.8% in February 2023 to print at N37.7tn relative to N39.6tn recorded in January 2023. The key driver of the observed […]
Old N200, N500, and N1,000 banknotes Remain Legal Tender – CBN
March 13, 2023/CBN In compliance with the established tradition of obedience to court orders and sustenance of the Rule of Law Principle that characterized the government of President Muhammadu Buhari, and by extension, the operations of the Central Bank of Nigeria (CBN), as a regulator, Deposit Money Banks operating in […]
