Money Market

FirstBank Names Alhaji Ado Wanka Non-Executive Director

December 13, 2019/FirstBank of Nigeria First Bank of Nigeria Limited, Nigeria’s premier and leading financial services provider, today announced the appointment of Alhaji Ado Yakubu Wanka as Non-Executive Director.   Speaking on his appointment, Dr. Adesola Adeduntan, Chief Executive Officer, First Bank of Nigeria Limited said, “We are delighted to […]

Outlook for African Banks in 2020 Turns Negative as Operating Conditions Weaken

Culled—Proshare December 9, 2019 by  Moody’s Investors Service  Outlook for African banks in 2020 is negative due to weakening operating conditions and rising asset quality pressures Banks will maintain high exposures to their respective sovereigns, linking their credit profiles to those of their governments The 2020 outlook for African banks […]

International Digital Money Transfer Transactions To Reach 2bn By 2024

Culled—Proshare December 9, 2019 By Juniper Research  A new study from Juniper Research has found that global international digital money transfer transaction volume will reach 2 billion by 2024; up from 1.1 billion in 2019. The new research, Digital International Money Transfer: Key Trends, Player Innovation & Market Forecasts 2019-2024, found that both online […]