Money Market

A Temporary Reprieve from FX Outflows

December 2, 2020/Proshare by FBNQuest Research Today’s chart shows monthly fx inflows through the economy for the three years to August ’20. It captures movements through the CBN and other (autonomous) sources. On the CBN side, the large inflows tend to be FGN borrowings such as Eurobond sales (in November […]

Ecobank Group wins Awards from EMEA Finance, The Banker and Global Finance

The award of ‘Outstanding Crisis Leadership – Finance & Business’ was awarded to Ecobank by Global Finance December 2, 2020/Ecobank Leading pan-African banking group, Ecobank, has won awards from EMEA Finance, The Banker and Global Finance. Ecobank’s awards in the EMEA Finance African Banking Awards 2020 includes the pan-African award […]

CBN Approves Release of Excess CRR Via Special Bills

December 1, 2020/CBN The Central Bank of Nigeria (CBN) on November 30, 2020 approved the release of the excess above regulatory minimum Cash Reserve Requirement (CRR) of banks. This is part of measures to improve liquidity and support economic recovery through increased extension of Credit facilities to the real sector. […]