November 21, 2019/FBNQuest FBNQuest Merchant Bank, the investment banking and asset management business of FBN Holdings Plc, has been approved by the Nigeria Customs Service as the first designated merchant bank in Nigeria authorised for the collection of customs duties and taxes. This development validates the Bank’s reputation for excellent […]
Money Market
CBN Publishes Lists of Licensed Finance Companies, DMBs, MFBs and BDCs As At Sept 30, 2019
November 20, 2019/Proshare by Proshare Research The Central Bank of Nigeria (CBN) has published the list of licensed finance companies, Microfinance Bank (MFBs), Bureaux De Change (BDCs) and Deposit Money Banks (DMBs) and Finance Holding Companies operating in Nigeria as at 30th September 2019. Currently, there are against 77 Licensed Finance […]
Naira Interest Rates: How is a Two-Tier System Going to Work?
November 20, 2019/Coronation Report Two interest rates emerge A month ago the Central Bank of Nigeria (CBN) stopped most domestic investors, including pension funds, from investing it its open market operation (OMO) bills. As the OMO market is much larger than the T-bill market this heralded a rotation of money […]
