Money Market

Has the Naira-settled OTC FX Futures helped in Stabilizing the Naira Exchange Rate?

Culled—Proshare April 10, 2018//Quantitative Financial Analytics Ltd  To stem the continued devaluation of the Naira and to breath some air of stability into the ever-volatile Naira/Dollar relationship, the Central Bank of Nigeria, CBN, introduced some far-reaching measures at different times. One of such measures was the launching of the Naira-settled […]

Oradian to Fast-track CBN’s 80% Financial Inclusion Target

Culled—Proshare April 9, 2018/New Telegraph A new revolution is brewing in the Nigerian banking industry as Oradian, a financial inclusion company, is set to deploy its cloud-based Core Banking System (CBS) Instafin, which allows financial institutions to grow and reach more clients with digital financial services. The company, according to […]

BoA, SunTrust Bank sign MoU on agric banking

April 10, 2018/Punch  The Bank of Agriculture and SunTrust Bank have sealed an e-banking agreement as part of efforts at revitalising agriculture in the country. The agreement, according to a statement on Monday, was signed at the Federal Ministry of Agriculture in Abuja. The Managing Director/Chief Executive Officer, SunTrust Bank […]