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 […]
Money Market
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 […]
Funding Rates Rise Higher as CBN Intervenes in FX Market
Culled—Proshare March 27, 2018/Zedcrest Capital *** Reps plan more powers for AMCON in debt recovery*** Bonds The bond market was scantily traded in today’s session, with very little in the way of flows, mostly driven by few client interests. Yields compressed just marginally by 1bps, with some late market trades […]