Money Market

Growing Risks to Central Bank Independence

April 10, 2019/Fitch Ratings James McCormack Recent challenges to central bank independence in a number of countries mark only the beginning of an extended macro policy debate that is likely to play out in the years ahead, especially where economic growth is slowing. In emerging and developed markets alike, strong central […]

Renmoney Launches Mobile Experience Centres across Lagos

April 9, 2019/Mediacraft Nigerian fintech lending company, Renmoney has launched its mobile experience centers across Lagos. This is in line with its commitment to provide improved and more convenient lending and investment solutions for its customers. Each experience centre is equipped to enable customers complete end-to-end transactions at their convenience. […]

Forex Intervention: CBN injects $247.8m, CNY 34.8m into Retail SMIS

Culled—Proshare April 5, 2019/CBN  The Central Bank of Nigeria (CBN) on Friday, April 5, 2019, made an intervention of $247.8million in the retail Secondary Market Intervention Sales (SMIS) and CNY 34.8million in the spot and short tenored forwards segment of the inter-bank foreign market. This was disclosed by the Director, […]