Money Market

FirstBank Links Growth to Innovations, Service Delivery

November 28, 2018/FirstBank By NAN (Chinyere Joel-Nwokeoma)   First Bank of Nigeria Limited has attributed its success story to innovations and reinvention of products and services aimed at satisfying customers’ needs and aspirations. Dr. Adesola Adeduntan, the Bank’s Managing Director, stated this on the sidelines of the second anniversary of FirstGem, […]

Fitch Revises Outlook on Guaranty Trust Bank to Stable; Affirms at ”B” Plus

November 28, 2018/Fitch Ratings Fitch Ratings has revised the Outlook on Guaranty Trust Bank Plc’s (GTB) Long-Term Issuer Default Rating (IDR) to Stable from Negative and affirmed the IDR at ‘B+’. Fitch has upgraded GTB’s Long-Term National Rating to ‘AA(nga) from ‘AA-(nga)’. All GTB’s other ratings have been affirmed. A […]

Forex: Central Bank of Nigeria Injects $210m in Wholesale Segment, Others

Culled—Proshare November 28, 2018/CBN  The Central Bank of Nigeria (CBN) on Tuesday, November 27, 2018, intervened in the wholesale segment of the foreign exchange market, offering the sum of $100 million to dealers in that window.  In the latest round of intervention, which was made public on Tuesday, the CBN […]