December 23, 2019/IMF Ms. Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), issued the following statement today on the reform of the West African Economic and Monetary Union (WAEMU)’s CFA franc framework: “I welcome the reforms to the WAEMU’s CFA franc currency arrangement that were announced today […]
Money Market
CBN Reviews Bank Charges on E-Banking, ATM Transactions, Others
December 23, 2019 By Paschal IJEH InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Sunday released a revised guide to bank charges on electronic banking transactions and other charges. This is contained in the latest Guide to Charges by Banks and Other Financial Institutions just released by the CBN. […]
Naira Interest Rates: Enough Bank Capital for a Credit Boom?
December 20, 2019/Coronation Report Conditions for a credit boom in place Since October Nigeria has operated a two-tier interest rate system (see chart, below), resulting in steep declines in T-bill rates (page 5). Combined with the Central Bank of Nigeria’s (CBN) tough lending targets for banks, the results are […]
