August 4, 2022/US Federal Reserve Following its stress test earlier this year, the Federal Reserve Board today announced the individual capital requirements for all large banks, effective on October 1. Large bank capital requirements are in part determined by the Board’s stress test results, which provide a risk-sensitive and forward-looking […]
Money Market
FirstBank Reports N22 Trillion Firstmonie Agents Transactions
—-Reinforces Role in Promoting Financial Inclusion in Nigeria August 4, 2022/FirstBank of Nigeria The Bank’s Firstmonie Agents play a critical role in promoting financial inclusion in the country The Bank currently has over 180,000 Firstmonie Agents spread across 772 Local Government Areas in Nigeria Since 2020, FirstBank has economically empowered […]
GCR Affirms NOVA Merchant Bank Limited’s National Scale Long and Short-term Issuer Ratings of BBB(NG)/A3(NG); Outlook Stable
August 3, 2022/Nova Merchant Bank Global Credit Rating has affirmed NOVA Merchant Bank Limited’s national scale long and short-term ratings of BBB(NG) and A3(NG) respectively, with a Stable Outlook. The ratings agency explained that NOVA was rated on the basis of its strong capital base as well as its financial […]
