26/2/2018/FirstBank First Bank of Nigeria Limited has announced its sponsorship of the 2018 Social Media Week (SMW), Lagos, scheduled to take place from February 26 through to March 2, 2018 at the Landmark event centre, Victoria Island, Lagos. The event which is Africa’s largest tech and digital media event would convene business […]
Money Market
CBN Amends Dividend Pay-Out Policy For Banks
Culled—Proshare February 23, 2018/FDC Prior to this guideline, most banks adopted an aggressive dividend policy, partly to shore up their share price and secondly to splash cash to shareholders. Consequently, banks resorted to external funding sources to support their balance sheet, as against internal capital consolidation in the form of […]
Weaker Dollar, Higher US Interest Rates, a Dilemma for a Central Bank With No Quorum
Culled—Proshare February 23, 2018/FDC Who needs an MPC after 19 months of status quo? The MPC is like the boy who cried ‘Wolf!’, till he lost credibility in the sight of his neighbours. Who will come to its aid now? Nigeria has stayed without an active Monetary Policy Committee (MPC) […]
