March 27, 2018/CBN Developments in the Nigerian banking industry have necessitated the need for the licensing of Private Asset Management Companies (PAMCs) to play complementary roles in the management of non-performing assets of the industry. We forward herewith, an Exposure Draft of the Framework for Licensing, Regulation and Supervision of […]
Money Market
Wema Bank Secures $35m from International Lenders to Fund SMEs
Culled—Proshare March 27, 2018/Wema Bank Wema Bank Plc. has signed a Line of Credit Agreement with the African Development Bank (AfDB) to grow financial support to small and medium scale businesses in Nigeria. The innovative bank, which pioneered Africa’s first fully digital bank ALAT, confirmed that AfDB has already disbursed […]
Forex: CBN Intervenes with $210m
Culled—Proshare March 27, 2018/CBN The Central Bank of Nigeria (CBN) on Tuesday, March 27, 2018, intervened in the inter-bank sector of the Foreign Exchange market to the tune of $210 million. Figures obtained from the Bank on Tuesday, March 27, 2018 indicate that the Wholesale sector of the market got […]
