Money Market

Naira Abuse: CBN to Try Offenders in Mobile Court

October 5, 2018/Punch Nike Popoola Bankers in the country have expressed their readiness to enforce the law against the abuse of naira notes by setting up mobile courts to punish violators of the currency. They said this during a press briefing after the Bankers’ Committee meeting in Lagos on Thursday. […]

S & P to Lower ETI Ratings if Significant Increase in Double Leverage above 120% is Noticed

Culled—Proshare October 4, 2018/S & P Global Ratings Highlights:  We expect Ecobank group’s financial performance to gradually improve over the next 12-24 months on the back of more stable macroeconomic conditions in key markets of operations. We consider that Ecobank Nigeria Ltd. remains a core subsidiary for the group. We […]

CBN Releases Exposure Draft-Guidance Notes on Disclosure Requirements

Culled—Proshare 3/10/2018/CBN Introduction The aim of this Guidance Notes is to achieve transparency and promote market discipline by allowing market participants, particularly the Investment Account Holders (IAHs), to access relevant, reliable and timely information on risk exposures and risk management policies and procedures of a NIFI. This document sets out […]