Money Market

MPC to Maintain Status Quo as Economic Metrics Lean Towards Growth

Culled—Proshare July 20, 2017/FSDH Research    The fourth Monetary Policy Committee (MPC) meeting for the year is scheduled to hold on the 24th and 25th of July, 2017. The Committee will convene to assess the current state of the Nigerian economy and thereafter reach a resolution on the use of its […]

Current Account Comfortably in Surplus

Culled—-Proshare July 20, 2017/FBNQuest Research We observe from the balance of payments for Q1 2017 that the current-account surplus eased gently from the equivalent of 3.5% of GDP to 3.4%. This recovery from the earlier deficits is explained by a rebound in oil exports, a further compression in merchandise imports […]

Unity Bank explains the initiative behind the Resolution of its Legacy NPLs

Culled—Proshare July 20, 2017/Unity Bank Plc In its bid to clean up its loan book, Unity Bank Plc has taken far-reaching measures and initiatives for the resolution of its Non-Performing Loans (NPL) being long outstanding from legacy. The initiative has seen the Bank execute a Sales and Purchase Agreement (SPA) […]