Awash of liquidity, OBB and OVN rates trend downward; T- Bills marker bullish
Awash of liquidity, OBB and OVN rates trend downward; T- Bills marker bullish In the money market, the Open Buy Back (OBB) and Overnight (OVN) rates declined week on…
Heritage Bank partners WATIF on sub-regional integration
Heritage Bank partners WATIF on sub-regional integration Heritage Bank Limited, Nigeria’s most innovative banking service provider, has partnered with the first edition of West Africa Trade and Investment Forum:…
UBA get permit for U.K’s wholesale banking
UBA get permit for ’s wholesale banking United Bank of Africa () Limited, a subsidiary of United Bank of Africa Plc, has granted permission by the Prudential Regulation Authority…
CBN injects $210 million into currency market
CBN injects $210 million into currency market Central Bank of Nigeria (CBN) has said it had injected $210 million into the interbank foreign exchange market on Tuesday, as it…
Milost ends $1bn deal with Unity Bank after threats
Milost ends $1bn deal with Unity Bank after threats Milost Global Inc. ended talks to provide $1 billion to Unity Bank Plc, saying it received threats that it will…
UBA strengthens brand affiliation on Nigerian campuses, unveils 30 ambassadors
UBA strengthens brand affiliation on Nigerian campuses, unveils 30 ambassadors The United Bank for Africa (UBA) Plc has launched the second edition of its Campus Ambassador Programme with the…
Heritage Bank empowers 5, 544 pupils on financial literacy to secure economy
Heritage Bank empowers 5, 544 pupils on financial literacy to secure economy As part of efforts to support the Central Bank of Nigeria’s Financial Literacy Day, which marks the…
Interbank rates moderates on OMO & T-bills maturities
Interbank rates moderates on OMO & T-bills maturities Activities in the money market this week, Open Buy Back (OBB) and Overnight (OVN) rates fell week-on-week as system liquidity improved…
Naira maintains resilience as rates trade within tight bands
Naira maintains resilience as rates trade within tight bands In line with trend, the Central Bank of Nigeria (CBN) continued its weekly interventions, injecting US$ million via the Wholesale…
Senate to consider central bank nominees on tomorrow
Senate to consider central bank nominees on tomorrow Nigeria’s upper house of parliament will consider on Thursday President Muhammadu Buhari’s nominees for the central bank’s interest rate-setting committee, the…