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 […]
Money Market
Finally, Out… CBN Drops the Long Awaited Special Bill at 0.50%
December 11, 2020/Proshare by Zedcrest Capital FGN Bonds The bond market kicked off on an active note as tension rose in the market following the unexpected outcome of the previous day PMA auction. Bid offer opened the day 400bps apart at the belly and tail of the curve but tighten […]
Risks to Nigerian Banks’ Asset Quality Loom in 2021 and Beyond
December 8, 2020/Fitch Ratings Nigerian bank asset quality is expected to weaken over the next 12 months-18 months, Fitch Ratings says in a new report, What Investors Want to Know: Nigerian Banks. Debt relief measures have prevented a material rise in impaired loans in 2020, but Fitch forecasts the average […]
