ECB increases lending to peripheral banks with bonus charge
Banks in Italy and other peripheral euro zone countries are grabbing tens of billions of euros in idle cash from their rivals in
NDIC extends MMO subscribers’ maximum limit to N500,000
Following intense complaints from the Mobile Money Operators in the country, the Nigeria Deposit Insurance Corporation (NDIC) has
CBN intervenes with $210m in forex market
The Nigerian inter-bank foreign exchange market received another boost with an injection of about $210 million from the Central Bank
EcobankPay hits N1bn in transactions value
EcobankPay, the lifestyle digital payments and collections service of Ecobank Nigeria has recorded a cumulative transaction value of
Money market repos record three consecutive months decline
Turnover in the repurchase agreements/buy-backs segment (repos) of the money market has declined consistently from March 2019 where
FAAC inflows to supress Tbills yield this week
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
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
Cuts to interest rates can be expected around the world following dovish pivots from the European Central Bank and the U.S. Federal
Improved system liquidity to steady rates as CBN staggers mop-ups
The improved system liquidity in the past weeks is expected to continue into the new week and keep rates steady according to an
Analysts expect higher rates in money market instruments this week
Analysts at Afrinvest (West Africa) Ltd., a research and independent investment banking firm, are expecting money market rates to