Culled—Proshare September 23, 2020 by S & P Global Ratings Lower oil prices and the impact of COVID-19 continue to hinder economic activity in Nigeria, and we foresee a moderate deterioration of First Bank of Nigeria’s (FirstBank’s) asset quality. However, we expect FirstBank’s regulatory capital ratios will remain well […]
Money Market
FirstBank Names Oluwande Muoyo Non-Executive Director
September 23, 2020/FirstBank of Nigeria First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider, today announced the appointment of Mrs. Oluwande Muoyo as a Non-Executive Director. Mrs. Muoyo joined the board of FirstBank from FBN Holdings Plc., the parent company of First Bank of Nigeria Limited. Speaking […]
CBN’s Directive on Destination Payment for all Form M, Letter of Credit and Other Forms of Payment
Culled—Proshare September 23, 2020 By KPMG Nigeria The Central Bank of Nigeria (CBN) issued a Circular Ref. No. TED/FEM/FPC/GEN/ 01/005 of 24 August 2020 to the effect that authorised dealers are no longer permitted to open Form M in favour of procurement companies. CBN further stated that, going forward, […]
