February 19, 2020/CBN Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Wednesday published the list of licensed Deposit Money Banks (DMBs) and Finance Holding Companies operating in Nigeria as at 31st December 2019. Currently, there are 33 Deposit Money Banks (DMBs) and Finance Holding Companies in Nigeria as at December, […]
Money Market
Standard Chartered arranges a $1.46 billion financing to fund the Standard Gauge Railway Project
February 14, 2020/Standard Chartered The Government of Tanzania Ministry of Finance has signed a facility agreement with Standard Chartered (SC.com) Tanzania for a US$ 1.46 billion term loan financing to fund the construction of the Standard Gauge Railway (SGR) project from Dar es Salaam to Makutupora. Running approximately 550 kilometres […]
February 2020 Foreign Exchange Report – Policy Stance to Ensure Short-term Stability
Culled—Proshare February 12, 2020 by Vetiva Research Policy stance to ensure short-term stability It is no news that the Naira is overvalued relative to the US dollar by about 10%-15%, confirmed by both the interest rate parity (IRP) and the international fisher effect (IFE) exchange rate models. For months, […]