Global crypto funds soar despite N800m Nigeria central bank hammer on 3 banks
Charles AbuedeApril 8, 2022
BY CHARLES ABUEDE Just as navigating the volatile crypto market can be very tricky for even experienced investors, the growth of crypto assets and investments has continued to gain momentum year to date as the asset continues to fight its way back to higher heights and close to its all-time highs since discovery in 2009. […]
How to Properly Set Up and Organize Your Real Estate Business Venture
Businessam StaffApril 7, 2022
Starting a business is no easy task. It takes a lot of hard work, dedication, and planning. If you’re thinking of starting a real estate business venture in the UK, there are a few things you need to set up and organize to make sure your business is successful. This article will discuss some […]
CBN borrowings from commercial banks down 0.45% to N1.35trn in Q1
Charles AbuedeApril 6, 2022
BY CHARLES ABUEDE A few years after Nigeria’s Central Bank initiated the Standing Deposit Facility (SDF) for Nigerian banks on a daily basis to deposit their excess liquidity with the nation’s apex financial institution, the activity trend of the CBN in the first three months of 2022 reveals that there has been a steady fall […]
ABCON intensifies pushback lobby to get members on CBN’s FX framework
Charles AbuedeApril 4, 2022
BY CHARLES ABUEDE The Association of Bureau De Change Operators of Nigeria (ABCON) has intensified its lobby to get its members back on the mainstream of Nigeria’s foreign exchange demand and supply framework, offering a strong analytical pushback on how the Naira has yo-yoed in value without their active involvement in the official template. ABCON’s […]
FirstBank draws attention to how APMs can drive revenue for SMEs
Onome AmugeMarch 29, 2022
BY: ONOME AMUGE First Bank of Nigeria, continuing its goal of promoting the sustainability and viability of Small and Medium Sized Enterprises (SMEs), recently convened its SMEConnect webinar themed, “Leveraging Alternative Payment Methods (APMs) to drive revenue for your business.” The webinar, which updated businesses with current technologies as they concern payments, further demonstrated how […]
CIG, Polaris Bank sign deal for auto financing consumer credit
Businessam StaffMarch 28, 2022
CIG Motors, the exclusive distributor of the award winning GAC brand, has signed a partnership deal with Polaris Bank that will make vehicle acquisition and ownership less stressful and affordable to Nigerians via a scheme tagged ‘Easy Buy’. The ‘Easy Buy’ scheme is open to all across the country. The bank and the auto giant […]
ACCESS BANK PLC – Higher dividend payout drives valuation leap- VETIVA Report
Businessam StaffMarch 26, 2022
What shaped the past week? Global: Sentiment across the global space was mixed this week, as the ongoing conflict in Ukraine remains in focus. Starting in Asia, markets in the region traded in a mixed manner, with the Japanese Nikkei-225 and south Korean Kospi closing higher, while the Shanghai Composite and Hang Seng Index closed […]
VETIVA February 2022 Inflation review – Fuel scarcity upsets consumer prices
Anthony NlebemMarch 21, 2022
What shaped the past week? Global: Global markets traded in a positive manner last week, after multiple sessions of aggressive sell-side action, that was sparked by Russia’s military operation in Ukraine. Starting in Asia, the Japanese Nikkei-225 roared back, rising 6.62% w/w; the buy-side action from investors was fueled by the Bank of Japan’s decision […]
Bankers want to use commodities ecosystem drive CBN’s RT200 FX
Onome AmugeMarch 21, 2022
BY: OMOME AMUGE Bankers and other operators in the Nigerian financial market have identified deployment of commodities ecosystem as a potent way by which the Central Bank of Nigeria (CBN) can achieve the plan to generate $200 billion in the next three to five years through its RT 200 FX policy. By the set of […]
$20 FX spend limit on back of scarcity to become widespread
Charles AbuedeMarch 16, 2022
BY: CHARLES ABUEDE On the heels of the decision by the Central Bank of Nigeria (CBN) to put a stop to the sale of foreign exchange to banks, Nigerian banks are now taking measures in response to the CBN move and as a way of adjusting their portfolios. With the apex bank already informing the […]