Culled—Proshare February 27, 2019/ CBN Introduction Nonperforming loans (NPLs) and Banking system stability nexus continues to gain more research attention, especially after the 2008/2009 global financial crisis (GFC) that led to credit crisis in most economies. Eonomies that were running on a booming banking sector during pre-crisis period were forced […]
Money Market
Al Rajhi Bank, the World’s Largest Islamic Bank Selects Temenos to Power Digital Transformation and Growth
February 27, 2019/Temenos Temenos (SIX: TEMN) (www.Temenos.com), the banking software company, today announced that Al Rajhi Bank, Saudi Arabia’s second largest bank and the world’s largest Islamic bank with total assets of over $97bn, has chosen Temenos to power its digital transformation journey and enhance its Islamic lending and financing […]
Forex: CBN Boosts Market With $210m
Culled—Proshare February 26, 2019/ 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, February 26, 2019, indicated that authorized dealers in the wholesale segment of the market were offered the sum of […]
