December 24, 2020/CBN The Central Bank of Nigeria (CBN) on Thursday announced the revocation of the operating licenses of Seven (7) Payment Services Providers. This was contained in an official gazette document published on the CBN website. The affected service providers were listed under schedule I of the gazette The […]
Money Market
Foreign Reserves Remain Pressured
December 24, 2020/Proshare by CSL Research Over the past few months, severe pressure has been mounting on the country’s foreign reserves in face of dwindling oil earnings and reduced capital inflows from risk averse foreign investors. The decline in oil prices was largely driven by weakened crude oil demand […]
The Apex Bank Slowed Down in the FX Sales at the IEFX Window
December 24, 2020/Proshare By Zedcrest Capital FGN Bonds Activities at the FGN bond space remained slow as yields continue to weaken D/D, with bids/offers widely dispersed on most of the benchmark maturities. The bears are getting desperate in the market, scrambling for any possible bids to offload their bonds. Offers […]
