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 […]

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 […]

November 14, 2018/CBN Kindly refer to the CBN circular of September 18th, 2018, where the Bank communicated the approval of the second edition of the Nigerian Cheque Standard (NCS) and Nigerian Cheque Printers Accreditation Scheme (NICPAS), and the subsequent implementation guidelines.  In furtherance of the Bank’s effort to increase efficiency […]