Lagos, August 10, 2018: Our attention has been drawn to a social media video featuring an assault on two people at a Fidelity Bank branch in Lagos. The two individuals featured in the video were suspected of ‘shoulder surfing’ to steal customer card details at the ATM. The security personnel […]
Money Market
CBN Injects $327Million to Boost Interbank Retail Market
August 10, 2018/CBN The Central Bank of Nigeria (CBN), on Friday, August 10, 2018, injected the sum $327,440,499.50 into the interbank retail Secondary Market Intervention Sales. This is in addition to the sale of CNY 69,707,333.39 in the spot and short-tenored forwards. The figures obtained from the CBN on […]
Fitch: IFRS 9 No Threat to Nigeria Banks’ Regulatory Capital
23/7/2018/Fitch Ratings Fitch Ratings says in a new report that regulatory capital ratios for rated Nigerian banks are not under threat following the first-time application of IFRS 9 accounting standard. Nigerian banks have to reflect the full impact of additional expected loss reserves due under IFRS 9 in regulatory capital […]
