Money Market

CBN Amends Commercial Agriculture Credit Scheme Offers 9% Interest Rate

February 22, 2018/CBN As part of the efforts by the Central Bank of Nigeria to deepen access to finance and reduce exclusion rate, the CBN has revised the existing Commercial Agriculture Credit Scheme (CACS) Guidelines to include Non Interest Financial Institutions (NIFIs). It is expected that the review of the […]

Dollar stands tall after Fed minutes back more U.S. rate increases

21/2/2018/Reuters Masayuki Kitano The dollar rose to a one-week high against a basket of major currencies on Thursday, after minutes of the Federal Reserve’s January meeting showed policymakers were more confident of the need to keep raising interest rates. The dollar index edged up 0.1 percent to 90.099. Earlier, it […]

Bitcoin nearly doubles in value from year’s low hit in early February

20/2/2018/Reuters Gertrude Chavez-Dreyfuss Bitcoin hit a three-week high on Tuesday and has surged nearly 100 percent from its lowest level this year, as its recovery continued after South Korea’s financial regulator eased its stance on cryptocurrencies, weeks after it considered shutting down digital currency exchanges. Analysts cited South Korean news […]