December 12, 2020/FirstBank of Nigeria What did (the various territories that were later to be amalgamated into) Nigeria look like in 1894? How about a hundred years later in 1994? And what could Nigeria look like in the year 2094? History provides elaborate answers to the first two questions. Answers […]
Money Market
FX Scarcity Biting Hard
December 11, 2020/Proshare by CSL Research A Business Day report says Business leaders and investors are facing an unprecedented level of FX scarcity with the contribution of FX from official sources down to as low as 23% of their total FX demand. In many cases, the blended FX rate is […]
CBN Approves New Licence Categorisation for Payments System in Nigeria
December 11, 2020/CBN The Central Bank of Nigeria (CBN) in line with its commitment to promote a strong and credible payment system has approved new licence categorisations for the payments system. The new licensing framework, details of which are provided in Appendix 1. Offers clarity for new and existing market […]
