March 14, 2020/FirstBank of Nigeria First Bank of Nigeria Limited is taking steps to ensure that women and women-led businesses are empowered. The bank has, through its FirstGem; FirstMonie and First Women Network empowered and brought several unbanked women into the financial system. This it proved during this year’s International […]
Money Market
Interbank Rates Plunge as FX Retail Refund Impacts Positively on System Liquidity
Culled—Proshare March 13, 2020 By Zedcrest Capital FGN Bonds The Bonds Market maintained its bearish trend, as offers continued to improve across the bond curve. The significant drop, to already depressed crude oil prices fueled more sell-off by market players, especially on the mid-(2029s) to long-end (2049s) of the curve. […]
CBN Says Market Fundamentals Not Supporting Naira Devaluation
March 13, 2020/CBN The Central bank of Nigeria (CBN) wishes to note with displeasure, the rumours and speculative activities of unscrupulous players in the foreign exchange market, borne out of the impression that the CBN is on the verge of devaluing the Naira, and triggering panic in the FX […]
