Culled—Proshare June 15, 2017/Proshare WebTV FBN Holdings Plc today assured market stakeholders that the current Non-Performing Loans (NPLs) status of the largest financial services company in Nigeria, will witness a drastic reduction from the current level of 20-25% by the end of the 2017-2019 strategy period. The Group Managing Director […]
Updates
CBN Moves Against Inflation; Mops up N200 billion in Special OMO
Culled—Proshare June15, 2017/CBN In its latest move to further rein in inflation, the Central Bank of Nigeria (CBN) has unveiled plans to mop up a total of N200.322 billion from the Nigerian banking system through a special Open Market Operation (OMO) at the rate of 16 per cent per annum. […]
Euro Area: IMF Staff Concluding Statement of the 2017 Article IV Mission
June 16, 2017/IMF The recovery has gained momentum, with a virtuous circle of private consumption and job creation. This provides an excellent opportunity to push forward with architectural reforms to deepen the Economic and Monetary Union (EMU). At the same time, structural reforms at the country level are needed to […]
