Culled—Proshare Thursday, April 20, 2017 11:22 PM / CBN The Naira firmed up at the Bureau de Change (BDCs) segment on Thursday, April 20, 2017, trading at between N376 and N378 to the United States Dollar in Lagos, Abuja and Kano, following interventions by the Central Bank of Nigeria (CBN). […]
Money Market
Short-Term Ratings on Five Nigerian Banks Raised to ‘B’ On Criteria Revision
Culled—Proshare April 20, 2017/S&P Global Ratings S&P Global Ratings said that it has raised its short-term counterparty credit ratings on five Nigerian banks (please refer to the Ratings List section below for the list of banks affected). We labeled the short-term counterparty credit ratings as “under criteria observation” (UCO) on […]
CBN Says Authorised Dealers to Process Form NXP in 48 Hours
April 20, 2017/CBN The Federal Government of Nigeria in its effort to create an enabling environment for doing business in Nigeria has approved the reduction of documentation requirement and timeline for Import and Export trade transactions in the country. Consequently, the revised documentation requirement for Import and Export and timeline […]
