February 22, 2017/First Bank of Nigeria Ltd Convenience, Ease of Banking and Comfort are the key defining features as Nigeria’s Most Valuable Bank Brand, First Bank of Nigeria Limited in partnership with First Street redefines airport experiences of its customers and other travelers with the launch of its best-in class […]
Money Market
New Forex Measures Could Pave Way for Gradual Return of Confidence
February 22, 2017/Cowry Asset Research In order to increase the availability of Foreign Exchange in the economy, Central Bank of Nigeria (CBN) indicated it has began supply of direct additional funding to banks to meet foreign exchange (forex) demand of specified end users at settlement rates not exceeding 20% above […]
Fitch: FX Market Changes May Help Nigerian Banks
(This statement was made by Fitch Ratings on February 22, 2017) Lagos (INVESTADVOCATE)-Measures announced on 20 February by the Central Bank of Nigeria (CBN) may ease some of the severe foreign currency liquidity pressure faced by the country’s banks, Fitch Ratings says. The most important aspect of the CBN’s announcement […]
