September 5, 2018/Ecobank Nigeria Patrick Akin Akinwuntan, Managing Director and Regional Executive of Ecobank Nigeria, starts his new role today. The vastly experienced banking professional is passionate about bringing customer-friendly banking services to every household in Nigeria. This means that Nigerians can expect a more customer-friendly Ecobank as well as […]
Money Market
Boost in Mobile Banking Sorely Needed
Culled—Proshare September 4, 2018/FBNQuest Research The latest data from a series from the NBS, produced in collaboration with the CBN, reveal that 510 million transactions valued at N33trn were recorded on electronic payment channels in Q2 2018. As expected, ATM transactions dominated with a volume of 217 million. Internet subscriptions […]
Money Market Rate Decreased Marginally Last Week as Overnight Rate Fell to 6.83%
Culled—Proshare 3/9/2018/Anchoria AM Research Money Market The money market rate decreased marginally last week as the Overnight rate (OVN) and Open Buy Back rate (OBB) fell to 6.83% and 6.00% respectively. Consequently, the average money market rate decreased by 0.92% to settle at 6.42% due to increase in the system […]
