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 […]
Money Market
FOREX: CBN Injects $100m Into The Market
Culled–Proshare 7/3/2017/CBN In continuation of its resolve to ease the challenge of access to foreign exchange, the Central Bank of Nigeria (CBN) on Tuesday, March 7, 2017 further injected another sum of $100m into the interbank foreign exchange market. The Bank’s Acting Director, Corporate Communications, Isaac Okorafor, confirmed this to […]
NDIC: Insider Loans Affecting Banking Industry
7/3/2017/Thisday By Damilola Oyedele in AbujaThe Nigeria Deposit Insurance Corporation (NDIC) has said insider loans, which constitute a higher percentage of non- performing loans in the industry, have negatively affected the sector. This is as the agency called for the enactment of legislation to prohibit insider loans, such as bank […]
