December 2, 2020/CBN The Central Bank of Nigeria (CBN) hereby announces the introduction of Special Bills as part of efforts to deepen the financial markets and avail the monetary authority with an additional liquidity management tool. The features of the CBN Special Bills are as follows: a.Tenor of 90 days; […]
Money Market
CBN Amends Circular on Procedures for Receipt of Diaspora Remittances
December 2, 2020/CBN Further to the Circular Ref. No. TED/FEM/FPC/GEN/01/011 of November 30, 2020, on the above subject, we wish to reiterate and clarify to All International Money Transfer Operators (IMTO) the following; IMTO’s must ensure that all funds in favour of beneficiaries/recipients in Nigeria be deposited into the Agent […]
Fitch Ratings Sees Gradual Recovery for African Banks in 2021
December 2, 2020/Fitch Rating The sector outlook for African banks is stable for 2021 as they see a gradual normalisation with business volumes and revenues picking up, Fitch Ratings says. However, we do not expect a return to pre-pandemic performance levels for at least another two years. Asset quality will […]
