December 28, 2018 By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) in its bid to ensure a stable financial system has through its Consumer Complaints Management System (CCMS) directed banks and other financial institutions with effect from January 2, 2019 to assign tracking number for every compliant […]
Money Market
CBN Intervenes In FOREX Market
Culled—Proshare December 27, 2018/CBN With the resumption of business after the Christmas and Boxing Day festivities, the Central Bank of Nigeria (CBN) on Thursday, December 27, 2018, intervened in the inter-bank sector of the Foreign Exchange market, injecting $210 million in the wholesale segment and other sectors of the market. […]
Fitch Places Diamond and Access on Rating Watch on Merger Announcement
December 24, 2018/Fitch Ratings Fitch Ratings has downgraded Diamond Bank Plc’s (Diamond) Long-Term Issuer Default Rating (IDR) to ‘CC’ from ‘CCC’ and Viability Rating (VR) to ‘cc’ from ‘ccc’ and placed its IDRs and VR on Rating Watch Evolving (RWE). The agency has simultaneously placed Access Bank Plc (Access) on […]
