Money Market

CBN Announces the Appointment and Redeployment of Directors

Culled—Proshare January 23, 2020/CBN The Management of the Central Bank of Nigeria (CBN) has announced the appointment and redeployment of some Directors in the apex bank. A statement from the CBN on Thursday said Mr. Yusuf Philip Yila, a Director with the bank and the Managing Director, NIRSAL Microfinance Bank […]

Raising banks’ Loan to Deposit Ratio while minimising risk

The loan-to-deposit ratio (LDR) is used to assess a bank’s liquidity by comparing a bank’s total loans to its total deposits for the same period January 22, 2020/CredoLab In developing economies, the key to socio-economic growth is access to finance, but the challenge is to increase loans to individuals and […]

UBA Connect Set to Deepen Intra-African Trade…Customers Can Now Make Cash Withdrawals In Local Currencies

January 21, 2020/UBA Plc Pan African financial institution, United Bank for Africa (UBA) Plc, has announced the official  launch of a flagship product UBA Connect, a service that enables the  customers of the bank to conduct traditional banking transactions at any UBA branch in the 20 African countries where the […]