Money Market

Naira Depreciates slightly despite $210m FX intervention by the CBN

Culled—Proshare 29/1/2018/Zedcrest Capital ***CBN Injects $210m into Forex Market*** ***Foreigners Pile Into Nigerian Stocks, New York ETF as Oil Climbs*** Bonds The bond market remained scantily traded in today’s session, with slight sell on the 26s and 27s bond offset by some buys on the short-end of the curve. Yields […]

CBN Injects $210m into Forex Market

Culled—Proshare January 29, 2018/CBN …Wholesale segment gets $100m; …SMEs receive $55m boost; …BTA, others get $55m The Central Bank of Nigeria (CBN) on Monday, January 29, 2018, injected another sum of $210 million into various segments of the inter-bank market. At Monday’s trading, the CBN offered the sum of $100,000,000 […]

FirstBank: Recognition of Relevance with Accolades

January 29, 2018/FirstBank First Bank of Nigeria Limited, Nigeria’s Most Valuable Bank Brand, in the financial year 2017 received an avalanche of awards in recognition of its activities and interventions in various sectors in the financial services industry. The awards epitomize the Bank’s sustained relevance to its customers and the […]