Money Market

CBN Injects $242.04m, CNY 32.3m Into Retail SMIS

Culled—Proshare 28/6/2019/CBN In continuation of its intervention in the inter-bank foreign exchange market, the Central Bank of Nigeria (CBN) on Friday, June 28, 2019, injected the sum of $242.04million into the retail Secondary Market Intervention Sales (SMIS) and CNY 32.3million in the spot and short tenored forwards segment of the […]

Standard Chartered Accelerates Momentum of its Digital Strategy Across Africa

June 29, 2019/ Standard Chartered Digital banks now available in Botswana, Zambia and Zimbabwe as part of the Bank’s digital transformation strategy for Africa. Standard Chartered (https://www.SC.com/) today announced yet another multi-market launch of its digital bank in Botswana, Zambia and Zimbabwe as part of its digital transformation strategy in […]

Forex: CBN Boosts Market With $210m

Culled—Proshare June 26, 2019 By CBN  The Central Bank of Nigeria (CBN) has injected the sum of $210 million into the inter-bank Foreign Exchange Market. Figures obtained from the CBN on Tuesday, June 25, 2019, indicate that authorized dealers in the wholesale segment of the market were offered the sum […]