Author: Marketforces Africa

CBN’s LDR, CRR Debits Diametrically Opposed Policies – Analysts Cardinalstone, a leading multi-assets investment firm, has explained that the Central Bank of Nigeria’s discretionary cash reserve ratio debits is diametrically opposed policies.

Resumption of FX Sales Could Renew Foreign Sell-Offs in Equity Market

Investors Overbid for DMO’s First Bond Auction in Q3. The Debt Management Office (DMO) first quarter bond auction in the third quarter was oversubscribed 3.6 times by investors. As expected, Chapel Hill Denham said the first bond auction drew substantial bids from investors as subscription level re

Jaiz Bank Earnings Jumps 44% on Account of Improve Fee as Mudarib. Jaiz Bank Plc reflated its first half earnings by 44% despite the outbreak of coronavirus pandemic on the global economy.

FIRS Clarifies Stamp Duty Rates, Order Charges on ₦10,000 ‘Credit Alerts’. The Federal Inland Revenue Service (FIRS) has explained stamp duty rates applicable to various transactions, says that there is charges on every ₦10,000 credit received into banks customers accounts. 

Regulatory Risks Cloud Outlook of Nigerian Banks – Meristem. Following the decision of the Monetary Policy Committee (MPC) to hold key macroeconomic parameters, including the cash reserve ratio, analysts have remarked that regulatory risks continue to cloud the outlook of the Nigerian banking sect

Analysts Predict CRR Debits for Banks after July Bond Auction. Analysts have predicted that the Central Bank of Nigeria could likely carry out what they call routine cash reserves ratio debits on banks after the July Bond auction settles this Friday.

Covid-19: Samsung and MTN Donates Smart Phones and Data to FG

FirstBank Convenes SMECONNECT WEBINAR, Promotes Growth of The Educational Sector First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider, has announced the convening of a Business Clinic to promote the growth and sustainability of the educational sector, especially in the light of the coronavirus which is having an adverse effect on the operations of schools across the world. The event is scheduled to hold via Zoom platform by 11:00am on Thursday, 23 July 2020. “Managing Your School through the Pandemic: Engagement and Retention Strategies,” is the topic of the event and will be discussed by experts,…

GUINNESS NG: Low Earnings Outlook as ‘Virus’ Breaks Shareholders Value