Money Market

Forex Market Gets $210m Lift from CBN

Culled—Proshare July 3, 2018/CBN   In its desire to ensure liquidity in the foreign exchange market to meet customers’ requests in various segments of the market, the Central Bank of Nigeria (CBN) has again injected the sum of $210million into the inter-bank Foreign Exchange Market. Figures obtained from the Bank on […]

Societe Generale Reaches An Agreement With Commerzbank To Acquire Its Equity Markets And Commodities

Culled—Proshare July 3, 2018/Mondo The Transaction Includes Commerzbank’s Investment Products, Flow Products, And Asset Management Businesses Worldwide, Including Associated Market Making, Sales And Structuring Capabilities Societe Generale is announcing that it has reached an agreement to acquire Commerzbank’s Equity Markets and Commodities business (EMC), a leading European manufacturer, distributor and […]

Nigerian Financial Institutions National Scale Ratings Revised After Criteria Update

Culled—Proshare July 3, 2018/S & P Global Ratings  S&P Global Ratings today reviewed its national scale ratings on Nigeria-based financial institutions, which it had placed under criteria observation (UCO) after the revision of its national scale rating criteria and the subsequent recalibration of its mapping table for Nigeria.  As a result […]