Money Market

CBN’s lending to banks rises 466 % to N268bn

CBN’s lending to banks rises 466 % to N268bn

Banks’ borrowings from the Standing Lending Facility (SLF) of the Central Bank of Nigeria (CBN) increased year-on-year  (YoY)  by 466 percent to N268.3 billion as at end of October 2023 from N47.35 billion as at October  2022 reflecting the increase in currency outside banks.
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ABCON lobby for exchange rates unification

ABCON lobby for exchange rates unification

*Urges FG not to give up on Eco currency By Babajide Komolafe MONEY MARKET Association of Bureaux De Change Operators of Nigeria (ABCON) said that unification of exchange rates is necessary to maximise the economic benefits of increased remittances inflow into the economy. While commending the recent policy measures introduced by the Central Bank of […]

Obozuwa resumes at Coca-Cola as VP

Obozuwa resumes at Coca-Cola as VP

Patricia Obozuwa has resumed duties as the Vice President, Public Affairs, Communications & Sustainability, Africa at The Coca-Cola Company. She was appointed in December 2020. She leads a team that oversees   Government Affairs, thought leadership, media relations, corporate communications and sustainability for the company across the African continent. Prior to that, she was the Chief […]

Lafarge extends entry deadline for national essay competition

Lafarge extends entry deadline for national essay competition

Lafarge Africa Plc has extended the registration deadline for its national essay competition in Nigeria to  15th of January, 2021  to give more interested children the opportunity to participate. The firm said the move is in response to calls by parents and guardians of pupils in public schools requesting for more time to allow their children […]

FOREX: Turnover in I&E falls by 47% to $33bn in 2020

FOREX: Turnover in I&E falls by 47% to $33bn in 2020

The volume of dollars traded (turnover) in the Investors and Exporters (I&E) window of the Nigerian foreign exchange (forex) market fell by 47 percent, year-on-year (YoY) to $33.04 billion last year from $62.37 billion in 2019.