Culled—-Proshare April 6, 2020 By Fitch Ratings Nigerian banks’ credit profiles face severe risks from the oil price slump and operating environment disruption due to the coronavirus pandemic, Fitch Ratings says. Asset quality deterioration linked to high exposures to the oil and gas sector is the biggest threat to ratings. […]
Money Market
Ecobank Customers Now Enjoy Zero Charge for Digital Money Transfers Below N5,000 – Akinwuntan
April 4, 2020/Ecobank Nigeria Ecobank Nigeria says its customers now enjoy zero charge for digital money transfers below N5,000 being part of its corporate actions to cushion effects of the lockdown to check the rising spread of Coronavirus. Patrick Akinwuntan, Managing Director, Ecobank Nigeria who stated this in Lagos said […]
CBN Indefinitely Suspends Cheque Clearing in the Nigerian Clearing System
March 31, 2020/CBN Please recall that the first index case of COVID-19 was recorded in Nigeria on 27th of February, 2020 and since that date, there has been some level of increase in the number of confirmed cases in the country. The President, through a nationwide broadcast yesterday, announced a […]
