Money Market

Ecobank Organises Diaspora Summit; Showcases Remittance Products for Nigerians Overseas

October 16, 2020/Ecobank Nigeria Ecobank Nigeria has announced that it is providing financial services and remittance solutions designed to support and enhance the lifestyles of Nigerians in the diaspora, ensuring their sustainable growth. This, the bank noted, is particularly important today, as the world embraces the new normal following the […]

Stanbic IBTC Retains Fitch’s AAA Rating

October 13, 2020/Mediacraft Globally renowned credit rating agency, Fitch Ratings, has reaffirmed that Stanbic IBTC Holdings PLC and its subsidiary, Stanbic IBTC Bank PLC, have retained their National Long-Term’ AAA (nga)’ and National Short-Term’ F1+(nga)’ ratings. Fitch Ratings is a leading provider of credit ratings, commentary and research for global […]

CBN Releases Circular on Compliance With the SWIFT Universal Payment Confirmations

October 13, 2020/CBN All banks operating in Nigeria are by this circular reminded of the need to ensure full compliance with SWIFT Universal Confirmations requirements. All SWIFT customers are required to provide confirmation on the outcome of all their incoming single customer payment (MT103) messages to SWIFT via Tracker, also Known […]