Money Market

CBN Cautions Banks, PoS Operators Over Availability of The Naira

…Provides Digital Feedback Box to Address Complaints  December 22, 2023/CBN The attention of the Central Bank of Nigeria (CBN) has been drawn to alleged cases of collusion between some Deposit Money Banks (DMBs) and Point-Of-Sale (PoS) operators affecting the availability of cash and disrupting the seamless circulation of the Naira.  The […]

Fitch Maintains FCMB’s ‘B-‘ Long-Term IDR on Rating Watch Negative

December 20, 2023/Fitch Ratings Fitch Ratings has maintained First City Monument Bank Limited’s (FCMB) Issuer Default Ratings (IDRs), Viability Rating (VR) and National Ratings on Rating Watch Negative (RWN). FCMB’s Government Support Rating of ‘ns’ is unaffected.  The maintained RWN reflects Fitch’s view that while FCMB stayed compliant with its […]

UBA Give Customers December to Remember

…Doles out N36m IN Super Savers Draw December 20, 2023/UBA Plc In line with its usual custom of rewarding loyalty especially during the yuletide season, Africa’s Global Bank – United Bank for Africa (UBA) Plc- has rewarded its loyal customers in the just concluded UBA Super Savers Draws giving out […]