Culled—Proshare 15/11/2018/Press release …positioned to be Nigeria’s largest agency banking provider One of Nigeria’s fastest growing agency banking provider, E-Settlement has partnered Seriate Limited, a Tech focused investment company to acquire and deploy up to 20,000 pieces of Mobile Point of Sale (mPOS) within the next 12 months in Nigeria. […]
Money Market
Naira Under Increased Pressure In The Forex Market
Culled—Proshare November 15, 2018/FDC Global oil prices (Brent) have averaged $73.07pb in 2018 and remained comfortably above the budget benchmark of $51 per barrel (pb), largely due to high demand and the output-cut led by the Organization of the Petroleum Exporting Countries (OPEC) and its allies. This has ultimately translated […]
Pressure on Reserves, Stability of FX Policy
Culled—Proshare November 14, 2018/FBNQuest Research Today’s chart shows the stability in the fx market since the launch of the CBN’s reforms in Q1 2017. That stability has been maintained by the CBN despite the US$6bn depletion of official reserves since the end of June. The retreat of some foreign portfolio […]
