Money Market

Forex: CBN Goes Tough on Banks; Floods Market With $545m

Culled—Proshare September 18, 2017/CBN The Central Bank of Nigeria (CBN) on Monday, September 18, 2017, threatened to sanction any Deposit Money Bank (DMB) in breach of its earlier directive of March 3, 2017 instructing them to, among other things, open teller points for retail forex transactions and to have electronic […]

First Bank of Nigeria Limited: Leading Sustainable Development within its Communities

September 18, 2017/FirstBank First Bank of Nigeria Limited, Nigeria’s Most Valuable Bank Brand, is known to be the leading financial services provider to stakeholders with varying social stratification and the Bank understands that the ability to operate successfully in a multicultural society is factored on building mutually beneficial relationships with […]

World’s Central Banks Can’t Ignore the Bitcoin Boom, BIS Says

17/9/2017/Bloomberg By Catherine Bosley The world’s central banks can’t sit back and ignore the growth in cryptocurrencies as it could pose a risk to the stability of the financial system, according to the Bank for International Settlements. It said central banks will need to figure out whether to issue a […]