15/5/2017/The Will After a lull witnessed in the foreign exchange market last week, the Central Bank of Nigeria on Monday injected the sum of $457.3 million into various segments of the market. A breakdown of the offer indicates that both spot and forwards garnered the sum of $267.3 million while […]
Money Market
FirstBank Empowers SMEs, Creates Awareness on Accessing FX
By Kingsley Ogunwa InvestAdvocate Lagos (INVESTADVOCATE)-First Bank of Nigeria Limited in its bid to empower Small and Medium Scale Enterprises (SMEs) on Thursday hosted an awareness seminar on how to access foreign exchange (FX) to do businesses. The event entitled “FX for SMEs: Eligibility and Exploitation” was attended by entrepreneurs […]
Moody’s Thoughts on Macro Economy and Nigerian Banks
Culled—Proshare May 11, 2017/FBNQuest Research We attended a briefing in Lagos yesterday, hosted by Moody’s Investors Service. The agency’s projections for Nigeria’s economy are favourable. Following the -1.5% y/y contraction in GDP last year, it projects GDP growth at 2.5% y/y in 2017 followed by 4% y/y in 2018. The […]
