November 2, 2021/FirstBank of Nigeria First Bank of Nigeria Limited created FirstSME Account to add to its SME product family in support of small and medium scale business owners by sustaining and expanding their business. AMAKA IFEAKANDU looks at what the facility offers and how SMEs owners can key in […]
Money Market
Coronation Fixed Income and Exchange Rate Update
November 1, 2021/Coronation Research Summary Opening market liquidity was reported at N168.6bn on Friday (29 Oct ‘21). Overnight and repo rates closed within a range of 13.0-18.5%. Last week, the average NTB yield increased by 10bps w/w to close at 5.5%. At last week’s primary market NTB auction, the CBN […]
Bank’s Credit to the Private Sector Rises as Economy Recovers
November 1, 2021/CSL Research The need for improved lending to the private sector amid the pandemic-induced economic shocks on many sectors of the economy cannot be over-emphasized. Interestingly, recent money and credit statistics released by the Central Bank of Nigeria (CBN) showed a 1.3% m/m increase in credit to the […]
