Money Market

CBN Says Exports from Nigeria – Compliance with Memorandum 11 of the Foreign Exchange Manual

6/6/2017/CBN In the continued effort to ensure that all export transactions are carried out through the formal channels, bills of lading in respect of exports from Nigeria shall henceforth carry the Form NXP number of the underlying cargo. Consequently, all exporters are required to register Forms NXP with an Authorized […]

Bridge Concept Partners UBA on Naija Green Card for Young Nigerians

June 7, 2017/UBA Plc In line with its business objective of enabling young Nigerians and students to derive maximum benefits from their limited finances, Bridge Concepts Limited has announced a partnership with the pan African Financial institution, United Bank for Africa (Plc) with the introduction of co-branded discount cards known as the […]

Fitch Says Foreign-Currency Liquidity Improving for Nigerian Banks

(This statement was made by Fitch Ratings on Wednesday June 7, 2017) June 7, 2017/Fitch Ratings Nigerian banks’ ability to access foreign currency (FC) has improved considerably since the Central Bank of Nigeria (CBN) introduced a foreign exchange “window” at end-April aimed at investors and exporters, Fitch Ratings says. The […]