27/6/2018/CBN Due to the recent increase in the number and sophistication of cyber-security threats against Deposit Money Banks (DMBs) and Payment Service Providers (PSPs), it has become mandatory for these institutions to strengthen their cyber defenses if they are to remain safe and sound. The CBN hereby releases the attached […]
Money Market
First Bank of Nigeria Ltd. ‘B- and B’ And ‘ngBB and ngB’ Ratings Affirmed; Outlook Stable
Culled—Proshare 26/6/2018/S & P Global Ratings We expect First Bank of Nigeria Ltd.’s asset quality to remain a rating weakness, over the next 12 months, despite the improved macroeconomic environment and as management continues to address legacy challenges. We believe that FirstBank’s regulatory capital will remain comfortably above the minimum […]
CBN Injects Another $210m into Forex Market
Culled—Proshare June 26, 2018/CBN The Central Bank of Nigeria (CBN) has made available the sum of $210million, to meet customers’ requests in various segments of the inter-bank foreign exchange market. The CBN, in its quest to meet demands in the various segments of the market offered $100million to authorized dealers […]
