By InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Sunday directed commercial banks to henceforth process and meet foreign exchange demands for travel allowance PTA/BTA within 24 hours of such application. This is contained in a statement signed by Alvan Ikoku, the director, Financial Markets Department of the CBN. […]
Money Market
Deutsche Bank Refines Strategy And Announces Capital Increase
Culled—Proshare March 6, 2017/Exchange News Highlights Capital Ratio (CET1 fully loaded) target of comfortably above 13 percent Intended capital increase of approximately 8 billion euros from the issuance of new shares with subscription rights Up to 2 billion euros of additional capital accretion targeted in next two years from asset […]
Morocco central bank okays five Islamic financial products
5/3/2017/Reuters Morocco’s central bank has approved the use of five types of Islamic banking transaction, giving a final regulatory nod for the country to launch an Islamic finance industry. Islamic banks and insurers are setting up in Morocco after new legislation allowed them into the market, and the central bank […]
