Culled—Proshare March 9, 2017/PwC On the morning of 3 November 2016, after mounting pressures, the Central Bank of Egypt (CBE) announced in a surprise move that it had fully floated the Egyptian pound (EGP). This came after a parallel market had slowly flourished and the market differential reached close to […]
Money Market
CBN’s New FX Policy Shows A Change Of Heart? – Feb’17 Economic Update
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 […]
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 […]
