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MONEY MARKET

MARKETS MONEY MARKET TOP STORY 

CBN raises Monetary Policy Rate (MPR) to 18%

March 21, 2023 editor 0 Comments

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR) to

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MARKETS MONEY MARKET TOP STORY 

CBN finally bows to pressure, says old naira notes legal tender

March 14, 2023 editor 0 Comments

  Nearly two weeks after the Supreme Court judgment mandating that the old N,1000 and N500 notes remain legal tender

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MARKETS MONEY MARKET TOP STORY 

CBN introduces open banking

March 8, 2023 editor

  The Central Bank of Nigeria (CBN) has given approval for the operation of Open Banking in Nigeria. Open Banking

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MARKETS MONEY MARKET TOP STORY 

Naira Redesign: Don’t wait for rush hours to deposit old notes, Ecobank advises customers

January 2, 2023 editor

  offers 8% interest on savings Ecobank Nigeria has again called on its customers to approach any of its branches

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MARKETS MONEY MARKET TOP STORY 

Ecobank Group’s digital transactions hit $59.1bn in 9 months

December 13, 2022 editor

  Ecobank Group said it recorded transactions valued at $59.1 billion across its digital channels in the first 9 months

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MARKETS MONEY MARKET TOP STORY 

ICAN speaks on challenges of CBN naira redesign

December 12, 2022 editor

The Institute of Chartered Accountants of Nigeria (ICAN) has identified five challenges that it says the Central Bank of Nigeria

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MARKETS MONEY MARKET TOP STORY 

 CBN pegs daily cash withdrawal through ATM to N20, 000 per day

December 6, 2022 editor

  The Central Bank of Nigeria (CBN) has pegged maximum cash withdrawal per week via Automated Teller Machine (ATM) N100,000

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MARKETS MONEY MARKET TOP STORY 

 Fitch downgrades Zenith, GTCO, Firstbank, four other lenders to ‘B-‘

November 23, 2022 editor

Global rating agency, Fitch Ratings has downgraded the Long-Term Issuer Default Ratings (IDRs) of seven Nigerian banks and two bank

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MARKETS MONEY MARKET TOP STORY 

 CBN increases interest rate to 16.5%

November 22, 2022 editor

  The Monetary Policy Committee of (MPC) of the Central Bank of Nigeria (CBN) has hiked monetary policy rate to

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MARKETS MONEY MARKET TOP STORY 

Naira Redesigning: CBN restates commitment to preserving the integrity of the Naira

November 14, 2022 editor

  The Central Bank of Nigeria (CBN) has restated its commitment to preserving the integrity of the naira whilst protecting

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