June 25, 2021/CSL Research Nigeria’s FX reserve has continued its decline over the last few weeks and is currently at US$33.6bn, the lowest in 13 months. While this could reflect the lagged effects of the higher oil prices, as Nigeria’s crude oil receipts are not spot delivered, we think that […]
Money Market
Federal Reserve Board releases results of annual bank stress tests as large banks Remain Liquid
June 24, 2021/US Federal Reserve The Federal Reserve Board on Thursday released the results of its annual bank stress tests, which showed that large banks continue to have strong capital levels and could continue lending to households and businesses during a severe recession. “Over the past year, the Federal Reserve […]
Ecobank Celebrates MSME Week; Propose Cutting Edge Solutions
June 24, 2021/Ecobank Nigeria The Managing Director, Ecobank Nigeria, Patrick Akinwuntan has restated the Bank’s unwavering commitment to supporting and sustaining the development of Micro, Small and Medium Enterprises (MSMEs) in all sectors of the economy. In his message to the celebration of this year MSME week, Akinwuntan said he […]
