December 2, 2022/Ecobank Nigeria The Board of Ecobank Nigeria has announced the appointment of Carol Oyedeji as a Deputy Managing Director.  The appointment of Mrs. Oyedeji, , has since been approved by the Central Bank of Nigeria (CBN). She joined Ecobank Nigeria in 2017 as Executive Director, Consumer Banking and […]

November 30, 2022/Fitch Ratings Fitch Ratings has downgraded the Long-Term Issuer Default Ratings (IDRs) of seven Nigerian banks and two bank holding companies (BHCs) to ‘B-‘ from ‘B’. The Outlooks are Stable. The rating actions follow the downgrade of Nigeria’s Long-Term IDRs to ‘B-‘ from ‘B’ on 11 November 2022 […]

November 29, 2022/US Federal Reserve The Federal Reserve Board on Tuesday announced technical details related to reserve requirements for depository institutions. The annual indexation and publication of these amounts are required by law and does not indicate a change in depository institutions’ reserve requirements, which will remain zero. If reserve […]