Access Bank Marathon Winners to share $500,000. Access Bank Plc (www.accessbankplc.com) has offered the cumulative price of 500,000 USD be won by contestants in this year’s edition of marathon billed for February 8.

CBN hawkish bias to inverse yields, fragment N900bn from Banks Vaults. Experts have said that the apex bank hawkish bias on cash reserve ratio (CRR) requirement would reverse negative yields, though about N900 billion would be quarantine from Banks vaults.

Africa remains attractive as global investments flow flat in 2019.. Africa continued to register a modest 3% rise in foreign direct investment attraction at the same time when flows to developing Asia fell by 6%. 

FBN Wins Best Mobile Banking App, Fastest Growing Retail Bank awards. First Bank of Nigeria www.firstbanknigeria.com Limited has been named 2019 “Best Mobile Banking App” and “Fastest Growing Retail Bank” winner by Global Business Outlook.

MPC raises Cash Reserve Ratio by 500 basis points. The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has raised the Cash Reserve Ratio by 500 basis points to 27.5%.

Airtel partners Western Union on mobile remittance services. Airtel Africa Plc (www.airtel.com), a leading provider of telecommunication and mobile money services has signed a strategic partnership with Western Union, a global leader in cross-border, cross-currency money movement and payment.

Adesina pitches investors, says Africa, UK should be significant trade partners. The African Development Bank (www.AfDB.org) President, Adesina Akinwumi, has said that Africa and the United Kingdom (UK) should be significant trading partners, urged UK investors to ride on the wave of the African Continental Free Trade Area agreement.

PAC Capital analyst explains how Finance Act promotes fiscal equity, best practices. Pan African Capital Holdings’ (www.panafricancapitalholdings.com) analyst led by Oluwole Adeyeye has explained that the strategic objectives of the Finance Act is to promote fiscal equity apart from the fact that it seeks to raise government revenues.

Analysts Lower Estimates for Banks as Regulatory Risks Escalate. Analysts covering the Nigerian Banks have started adjusting their estimate on lenders earnings expectations for the year on a dim outlook.

Rising inflation ruffles analysts, predict end to lower rate era. Analysts are unsettled as headline inflation continues to rise, the situation that pundits have attributed to both monetary and fiscal authorities policy somersault.