Money Market

Nigeria-Based Stanbic IBTC Bank Plc ‘B-B’ And ‘ngBBB-ngA-2’ Ratings Affirmed; Outlook Stable

Culled—Proshare May 25, 2018/S & P Global Ratings The Stanbic IBTC group faces heightened credit risks amid Nigeria’s current slow economic recovery.  However, we think the group’s business diversification, parent support, and capitalization will support its financial performance in the next 12 months.  Therefore, we are affirming our ‘B/B’ global […]

IMF Adopts Decisions to Formally Recognize the Core Principles for Islamic Finance Regulation for Banking

May 24, 2018/IMF The Executive Board of the International Monetary Fund (IMF) today endorsed a proposal on the use of the Core Principles for Islamic Finance Regulation (CPIFR), which were developed by the Islamic Financial Services Board (IFSB) with the participation of the Secretariat of the Basel Committee on Banking […]

PTA, BTA: CBN Urges Customers to Report Banks Not Selling, Says Enough Dollars Supplied

May 24, 2018 By InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Thursday urged customers to report commercial banks that refuses to sell dollars to them for their  personal travel allowance (PTA) and business travel allowance (BTA) “The Central Bank of Nigeria (CBN) has reliably gathered that some banks […]