Money Market

Agencies finalize rule to reduce the impact of large bank failures

October 20, 2020/US Federal Reserve The federal bank regulatory agencies today finalized a rule to limit the interconnectedness and reduce the impact from failure of the largest banking organizations. The final rule is substantially similar to the proposal announced last year and complements other measures that the agencies have taken […]

CBN Releases Framework for Financing of National Mass Metering Program

October 20, 2020/CBN 1.0          Introduction The introduction of the service-based tariff (SBT) in the Nigeria Electricity Supply Industry (NESI) effective from 1st September 2020 has put increased emphasis on the need to close the metering gap in the NESI. The closing of this gap will enhance efficiency of revenue collection by […]

Fitch Revises UBA Cameroon’s Outlook to Stable; Affirms at ‘B-‘

October 19, 2020/Fitch Ratings Fitch Ratings has revised UBA Cameroon S.A’s (UBA CAM) Outlook to Stable from Negative while affirming the Long-Term Issuer Default Rating (IDR) at ‘B-‘. Fitch has also affirmed the bank’s Short-Term IDR at ‘B’ and Support Rating (SR) at ‘5’. UBA CAM’s Viability Rating (VR) of […]