February 9, 2019/Fitch Ratings Fitch Ratings has affirmed Union Bank of Nigeria PLC’s (Union) Long-Term Issuer Default Rating (IDR) at ‘B-‘. The Outlook is Stable. Fitch has also affirmed the bank’s Viability Rating (VR) at ‘b-‘ and Support Rating at ‘5’. A full list of rating actions is at the […]
Money Market
Mobile Payments Still Hugely Untapped
Culled—Proshare February 9, 2018/FBNQuest Research Data from a new report series from the NBS, produced in collaboration with the CBN, reveal that 462 million transactions valued at N29trn were recorded on electronic payment channels in Q4 2017. As expected, ATM transactions dominated with a volume of 240 million. Internet subscriptions […]
Forex: CBN Intervenes in Retail SMIS With $325.64m
Culled—Proshare February 9, 2018/CBN The Central Bank of Nigeria (CBN) has again intervened in the Retail Secondary Market Intervention Sales (SMIS) to the tune of $325.64 million. Figures obtained from the Bank on Friday, February 9, 2018, indicate that the amount released was for requests in the agricultural, airlines, petroleum […]
