Money Market

Challenging Outlook for Emerging Market Banks in 2023

December 26, 2022/Fitch Ratings A difficult macro environment will continue to create challenges for emerging-market (EM) banks in 2023, says Fitch Ratings in three newly published reference reports on the sector. Slower economic growth, high inflation and weaker currencies will impair some borrowers’ repayment capacity, and pressure banks’ asset quality. […]

Personal Statements by the MPC Members at the 145 MPC Meeting of November 21-22, 2022

December 22, 2022/CBN 1. ADAMU, EDWARD LAMETEK  Prospects of the global economy continue to be overshadowed by the war in Ukraine and its fallouts, lingering coronavirus pandemic and inflationary pressures. These conditions have dampened activity recovery prospects in many countries, prompting the downward revision of the world output growth by […]

Yuletide Celebrations: Ecobank Reassures Customers Of 24-Hour Digital Banking Services  

December 22, 2022/Ecobank Nigeria Ahead of the Yuletide holidays, Ecobank Nigeria has reassured that customers will be able to shop seamlessly and carry out all their transactions via the Ecobank Digital platforms, which include the Ecobank Mobile app, USSD *326#, Ecobank Online, Ecobank OmniPlus, Ecobank Omnilite, EcobankPay, Ecobank RapidTransfer, ATMs, […]