Culled—Proshare March 9, 2017/ARM Research Overview In this report, we discuss developments in Nigeria’s macroeconomic environment and financial market over February as well as delineate our expectations for the coming period. CBN’s new FX policy: a change of heart?: In February 2017, the CBN announced a raft of FX policy […]
Money Market
UBA, Orange Group collaborate on payment system
Kennedy Uzoka, Group Managing Director/CEO at United Bank for Africa Plc 9/3/2017/Punch ’Femi Asu Pan-African financial services group, United Bank for Africa Plc, and Orange Group have announced a strategic partnership to deliver innovative financial services across Africa. The lender said in a statement on Wednesday that it had reached […]
Diamond Bank Ratings Affirmed – Ratings Removed from CreditWatch Negative; Outlook Negative
Culled—Proshare March 8, 2017/S & P Global Ratings Diamond Bank’s foreign currency liquidity is easing as the Central Bank of Nigeria improves the supply of U.S. dollar to the market. The bank has managed to maintain its capitalization just above the regulatory minimum, although earnings are vulnerable to ongoing high […]

