Money Market

MPC Retains All Policy Rates at the End of May 2021 Meeting

By Evans CHARLES  InvestAdvocate Lagos (INVESTADVOCATE)-The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday decided to retain Nigeria’s Monetary Policy Rate (MPR) at 11.5 percent. Similarly, the MPC retained the Cash Reserve Ratio (CRR) at 27.50 percent and the liquidity ratio at 30 percent. While […]

FirstBank Bags a Hat Trick of Awards at the Global Banking and Finance Awards 2021

May 24, 2021/FirstBank of Nigeria First Bank of Nigeria Limited, Nigeria’s premier and leading financial services provider, has been awarded the 2021 ‘’Retail Banking CEO of the Year Nigeria’’, ‘’Most innovative Retail Banking App Nigeria’’ and ‘’Best CSR Bank Nigeria’’ awards by Global Banking and Finance magazine.  The respective awards […]

UBA Group Names Caroline Anyanwu as New Board Member

May 24, 2021/UBA Plc United Bank for Africa (UBA), the leading pan-African financial services institution, today announced the appointment of Mrs. Caroline Anyanwu to its Board of Directors, effective May 19, 2021.   Caroline Anyanwu holds a First-Class degree in Statistics from the University of Ilorin in Nigeria and has […]