Culled—Proshare October 15, 2018/Anchoria AM Research Money Market The money market rate decreased marginally last week as the Overnight rate (OVN) and Open Buy Back (OBB) fell to 19.75% and 19.17% respectively. Consequently, the average money market rate fell by 2.22% to settle at 19.46% due relatively buoyant system liquidity […]
Money Market
FirstBank Boosts Technological Advancement in Banking, Sets to Host Fintech Summit
October 11, 2018/FirstBank In line with its corporate strategy to drive transformation through its products, processes and services, FirstBank has announced a 3-day FINTECH summit themed the future of banking – the role of AI and big data. The event is convened to increase technological support and collaboration with the […]
AMCON Wants Polaris Bank Sold in Two Years
October 11, 2018/Punch Feyisayo Popoola with agency report The Asset Management Corporation of Nigeria has said it wants a quick sale of Polaris Bank, the lender created to take over the assets and liabilities of the failed Skye Bank Plc. The Chief Executive Officer, AMCON, Ahmed Kuru, in an interview […]
