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 […]
Money Market
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 […]
CBN Buoys Forex Market with $210m
Culled—Proshare March 12, 2018/CBN The Central Bank of Nigeria (CBN), in its quest to guarantee the availability of forex for customers’ needs in various segments of the market, has injected another sum of $210million into the inter-bank Foreign Exchange Market. Figures obtained from the Bank on Monday, March 12, 2018, […]
