Money Market

Ecobank Holds Customer Forum, Pledges More Support For Import, Export Trade

November 1, 2017/Ecobank Nigeria Ecobank Nigeria has organized customer forum for exporters and importers targeted at boosting trade and commerce in the country.   Country Head, Commercial Banking, Ecobank Nigeria, Rotimi Morohunfola, said, the forum held in Lagos at the weekend, is one of the several avenues by which the Bank extends […]

Nigeria’s Access Bank eschews M&A in Ghana growth strategy

31/10/2017/Reuters Chijioke Ohuocha Nigeria’s Access Bank plans to pursue organic growth in Ghana rather than mergers or acquisitions after the central bank raised the minimum capital requirement for lenders in the West African country, its group chief executive said on Tuesday. Ghana’s central bank in September raised the minimum capital […]

CBN Pumps Another $195m into Forex Market

Culled—Proshare November 1, 2017/CBN  The Central Bank of Nigeria (CBN), on Tuesday, October 31, 2017, injected another $195 million into the inter-bank Foreign Exchange market. The apex Bank offered the sum of $100 million to the wholesale window and intervened in the Small and Medium Enterprises (SMEs) segment with $50 […]