Financial market watchers have said that the inter-bank rates will drop further this week as a result of excess liquidity in the market. Analysts at FSDH, in a report made available to our correspondent, said, “We expect Open Market Operation maturity of about N249.70bn to hit the system in the […]
Tag: FSDH
Inflation rate’ll drop to single digit –Analysts
Despite an increase in the inflation rate to 12.3 per cent, financial analysts have said that the rate will decline to a single digit in 2013. FSDH, in a report made available to our correspondent on Wednesday, stated that though inflation rate remained in double digit for December 2012, it […]
Nigeria Cbank issues FirstRand with merchant bank licence
Nigeria’s central bank has issued the country’s first merchant banking licences in more than a decade to South Africa’s FirstRand and local firm FSDH, it said on Friday. They are the first since the regulatory distinction between merchant and commercial banking was axed twelve years ago. Following many Western countries, […]
