Money Market

FirstBank Stimulates Economic Diversification through support for the Nigerian Creative Industry

April 24, 2017/First Bank of Nigeria Ltd First Bank of Nigeria Limited under the auspices of its First@arts initiative has thrown its weight behind the Nigeria Entertainment Conference 2017, as part of its support for the Creative Arts industry as well as home-grown human capacity development across several arts platforms. […]

Forex Market Analysis: GBP and USD Consolidates at the 1.2802-1.2889 Resistance Area

Culled—Proshare April 24, 2017/Meristem  Source: www.merifx.com  Fundamental Indication GBP: The British Pound (GBP) rally on Tuesday, 18th April, 2017, following Prime Minister, Theresa May’s  announcement of a snap election to be held on June 8, was not sustained as the Pound subsequently declined against the Dollar. We anticipate that the […]

CBN targets top bankers in forex manipulation investigation

April 24, 2017/Punch Oyetunji Abioye The Central Bank of Nigeria is watching closely the activities of top officials of commercial banks allegedly involved in illegal foreign exchange transactions. It was learnt that the illegal forex activities of some top bank officials were frustrating the CBN’s efforts aimed at converging the […]