February 10, 2022/UBA Plc Africa’s global bank, United Bank for Africa (UBA) Plc, is set to launch the new internet banking, tagged ‘Made for Love’ in time for the Valentine season which is widely celebrated all over the world as the season of love. The newly upgraded internet banking has […]
Money Market
Coronation Fixed Income and Exchange Rate Update
February 9, 2022/Coronation Research Summary Opening market liquidity was reported at N630.5bn on Friday (04 February ‘22). Overnight and repo rates closed within a range of 11-13.5%. Last week, the average NTB yield increased by 3bp w/w to close at 4.4%. Meanwhile, the average yield for OMO bills increased by […]
Revisiting Nigeria’s Persistent FX Challenges
February 9, 2022/United Capital Research In 2021, following mounting pressures on the nation’s reserves in the first nine months of the year, several positive developments in Q4-2021 helped to bolster the CBN’s gross reserves position including the Debt Management Office (DMO) issuance of $4.0bn worth of Eurobonds, SDR allocation from […]
