29/7/2016/Punch Oyetunji Abioye & Anna Okon Bank customers with existing loan obligations must brace for higher levels of indebtedness as the Deposit Money Banks have begun an upward review of the interest rates on all outstanding loans. The development followed Tuesday’s increase of the Monetary Policy Rate from 12 per […]
Money Market
Naira Trades Flat N378/$1 on Parallel Market
By InvestAdvocate Lagos (INVESTADVOCATE)-The naira on Thursday traded flat on the interbank and parallel market at N315 and N378 to the greenback respectively. Cordros reports that the local currency in the interbank market had appreciated against one of the three currencies tracked. It said the naira appreciated 1.37 percent to […]
Provisioning For Foreign Currency Loans
July 27, 2016/CBN In continuation of the efforts to enhance efficiency, facilitate liquidity and transparency in the foreign exchange market, the CBN issued the Revised Guidelines for the Operations of the Nigerian Inter-bank Foreign Exchange Market on June 15, 2016. One of the effects of the Guidelines, which liberalized the […]
