Money Market

Senate Mandates Committee To Report Back In A Week on CBN and MPC Members Confirmation

Culled—Proshare March 15, 2018/Nigerian Senate  Records of  THE NIGERIAN SENATE of Wednesday 14TH MARCH, 2018 Yesterday, the Senate President, Dr. Abubakar Bukola Saraki read a letter from Mr. President on the confirmation of appointment of Mr. Edward Adamu as Deputy Governor of the Central Bank of Nigeria replacing one of […]

Fortune Favors the Bold: The Cashless Society

March 13, 2018/Mastercard Marcy Cohen Can you imagine a world without the tooth fairy? A proponent of a cashless society, I still think there is something sweet and naïve about tucking one or two dollars under your child’s pillow each time they lose a tooth.  My youngest child is already […]

Nigeria’s midsize banks’ declining capital is credit negative -Moody’s

12/3/2018/Moody’s Last Wednesday, the International Monetary Fund (IMF) released its Nigeria country report, noting that banks’ Tier 1 capital ratio had declined to 10.8% in September 2017 from 16.3% in December 2016 and 17.1% in 2013, and is now at its lowest level in the past five years (see Exhibit […]