July 17, 2022/UBA Group The United Bank for Africa (UBA), Africa’s global bank has been in operation for over seven decades. Today, the group is present in 20 African countries, the United Kingdom, the United States of America and France. The bank has extended its operations to the United Arab […]
Money Market
Fed Releases Results of Survey of Senior Bank Financial Officers on Strategies and Practices for Managing Reserve Balances
July 15, 2022/US Federal Reserve The Federal Reserve Board on Friday released results of a survey of senior financial officers at banks about their strategies and practices for managing reserve balances. The Senior Financial Officer Survey is used by the Board to obtain information about deposit pricing and behavior, bank […]
Coronation Fixed Income and Exchange Rate (CFEX) Update
July 14, 2022/Coronation Research Summary Opening market liquidity was reported at N222.9bn on Friday (08 July ‘22). Overnight and repo rates closed within a range of 13 – 14%. The average NTB yield increased by +142bps w/w to close at 6.8%. Meanwhile, the average yield for OMO bills increased by […]
