Global markets: Bonds hold gains after Fed’s surprise rate cut
Businessam Staff
March 4, 2020
Bonds held onto gains on Wednesday after the U.S. Federal Reserve’s surprise 50 basis point interest rate cut, part of global efforts
Extension of OTC futures to bring calmness to market, curb FX volatility
Adesola AfolabiFebruary 18, 2020
Adesola Afolabi Asides infusing more confidence to foreign portfolio investors and foreign direct investors, the recently launched
Treasury bills interest rates surge, subscription declines
Businessam StaffJanuary 30, 2020
The interest rates on treasury bills witnessed an appreciation at the primary market auction, which took place on Wednesday. Stop
Union Bank to divest from UK subsidiary, to focus on Nigeria
Businessam StaffJanuary 29, 2020
Union Bank of Nigeria Plc has announced that it has entered a share sale and purchase agreement to divest its 100 per cent equity
T-bills interest rates drop to one-year low
Businessam StaffJanuary 7, 2020
The interest rates of treasury bills dropped to a 12-month low level of 3.5 per cent at the Primary Market Auction, which took place
NAICOM talks tough, liquidates two insurance firms
Businessam StaffJanuary 7, 2020
Insurance sector operators will face stricter supervision in 2020, the National Insurance Commission (NAICOM) has said, announcing its
2020: Money market instruments to account for chunk of FPI – FSDH Research
Businessam StaffDecember 30, 2019
Money market instruments will continue to account for large chunk of Foreign Portfolio Investment (FPI) inflow into the Nigerian
N50 PoS charge to be paid by businesses not customers – CBN
Businessam StaffDecember 24, 2019
The Central Bank of Nigeria (CBN) has urged customers not to pay N50 charged to businesses for using point of sale (PoS) machines.
Uganda holds key interest rate to help shield economy
Businessam StaffDecember 9, 2019
Uganda’s central bank held its benchmark rate at 9% saying subdued inflation provides room to shield the economy from global headwinds
CBN gets new director of currency operations
Businessam StaffDecember 6, 2019
The Central Bank of Nigeria (CBN) Thursday announced the deployment of Ahmed Bello Umar, as the new director, currency operations