Culled—Proshare February 12, 2020 by Vetiva Research Policy stance to ensure short-term stability It is no news that the Naira is overvalued relative to the US dollar by about 10%-15%, confirmed by both the interest rate parity (IRP) and the international fisher effect (IFE) exchange rate models. For months, […]
Money Market
Ecobank Group enters cross-border remittance partnership with Alipay to bring more inclusive financial services to users
February 12, 2020/Ecobank Group The leading pan-African bank, Ecobank (www.Ecobank.com), has signed a cross-border remittance agreement with Alipay, the world’s leading payment and lifestyle platform, that aims to bring more inclusive financial services by providing a fast, safe, affordable and convenient way for workers to transfer money back home. The […]
CBN Injects Another $210m into Forex Market
Culled—Proshare February 11, 2020/CBN The Central Bank of Nigeria (CBN) has again injected the sum of $210 million into the inter-bank Foreign Exchange Market to boost liquidity in the sector. Sources at the Bank on Tuesday, February 11, 2020, disclosed that authorized dealers in the wholesale segment of the market […]
