August 31, 2021/Proshare by FBNQuest Research We see from CBN data that total sectoral utilisation of FX declined by -65% y/y and -25% q/q to c.USD5.0bn. In addition to the reduction in aggregate fx utilisation, the pandemic’s influence can be seen in changes in the composition of sectoral forex usage. […]
Money Market
CBN Takes a Step Further in the Quest for eNaira
August 31, 2021/CSL Research Earlier this year, the Central Bank of Nigeria (CBN) announced plans to issue the country’s digital currency amidst the growing adoption of digital currencies over the world, with many central banks also investigating the practicalities. Since then, the apex bank’s ambitious project to create a digital […]
Fidelity Bank’s Chairman to lead BDAN
August 23, 2021/Fidelity Bank Plc Following the successful completion of Mrs. Osaretin Demuren’s tenure, Mr. Mustafa Chike-Obi, Chairman, Fidelity Bank Plc, has been appointed to take over as President of Bank Directors Association of Nigeria (BDAN) from Monday, August 23, 2021. According to a statement issued by the Executive Secretary […]
