EcobankPay hits N1bn in transactions value
Businessam StaffAugust 1, 2019
EcobankPay, the lifestyle digital payments and collections service of Ecobank Nigeria has recorded a cumulative transaction value of
BoE lowers economic growth forecast amidst Brexit worries, global economy downturn
Businessam StaffAugust 1, 2019
The Bank of England (BoE) lowered its growth forecasts on Thursday due to increased Brexit worries and a slowing global economy. A day
FBN Holding posts N294bn half-year gross earnings
Businessam StaffJuly 31, 2019
FBN Holdings Plc has posted N294.2 billion gross earnings for the half-year ended June 30, 2019. The figure represents 0.3 percent
UK PM Johnson’s no-deal Brexit gamble hammers sterling
Businessam StaffJuly 30, 2019
The British pound tumbled on Tuesday as investors bet prime minister Boris Johnson’s Brexit brinkmanship with the European Union
Trump urges Fed to do more than a ‘small rate cut’
Businessam StaffJuly 29, 2019
U.S. president Donald Trump on Monday urged the Federal Reserve to go beyond making a “small rate cut” this week, raising pressure on
Money market repos record three consecutive months decline
Afolabi OluwaseunJuly 29, 2019
Turnover in the repurchase agreements/buy-backs segment (repos) of the money market has declined consistently from March 2019 where
Analysts forsee medium term naira instability as pressure on recurrent expenditure resurfaces
Businessam StaffJuly 29, 2019
The ability to maintain the long-term stability of the naira has begun to stir concerns of investors who have expressed worry over the
FAAC inflows to supress Tbills yield this week
Businessam StaffJuly 29, 2019
In anticipation of the Federal Accounts Allocation Committee (FAAC) inflows this week, market traders are expecting a slight
Turnover at Nigeria’s fixed income, currency market grosses N19.12trn
Adesola AfolabiJuly 26, 2019
Turnover in the fixed income and currency (FIC) markets for the month ended June 30, 2019 grossed N19.12 trillion, data from the
Deutsche Bank analysts forecast global rate cuts
Businessam StaffJuly 25, 2019
Cuts to interest rates can be expected around the world following dovish pivots from the European Central Bank and the U.S. Federal