Category: Money Market

Moody’s updates credit opinion on Sterling Bank

For its resilient deposit-based funding profile, fair local currency liquidity buffers and growing retail product suite, Moody’s Investors Service has assigned a Counterparty Risk Assessment of B2 (CR) /Not Prime (CR) to Sterling Bank Plc for the month of June 2018. The upgraded rating, which also affirms the bank’s improved risk management process and IT…

FirstBank Begins CSR Week across 8 Countries tagged ‘Start Promoting Acts of Random Kindness

……Reignite Acts of kindness in 800 business communities on FirstBank Begins CSR Week across 8 Countries Lagos: “The 2018 Corporate Responsibility and Sustainability week will amplify the Bank’s Employee Giving and Volunteering scheme as we all collaborate across our business communities to create sustainable impact, touch lives and make our societies a better place to…

CBN boosts forex market with $210 million

Mr Isaac Okorafor, Acting Director, Corporate Communications, Central Bank of Nigeria (CBN) said the apex bank boosted the foreign exchange market with 210 million dollars to meet customers’ requests in various segments. Okoroafor said this in a statement on Wednesday in Abuja. According to him, the bank, in its desire to meet customers’ needs, offered…

Financial Literacy Campaign: First Bank takes awareness to schools students

Executive Management and staff of First Bank of Nigeria Limited yesterday delivered career counseling sessions to over 3000 secondary school students across the regions to inculcate financial literacy and inclusion in young students.   The counseling, according to a statement from the lender, was part of activities marking the Bank’s second edition of its Corporate…

2017 budget: “Nigerian government released N1.58trn on capital expenditure”- Adeosun

The Nigerian government has released N1.58 trillion as capital expenditure to Ministries, Departments and Agencies (MDAs), from the 2017 budget. The Minister of Finance, Mrs Kemi Adeosun who disclosed this said the N1.58 trillion total capital releases for 2017 were higher than the N1.219 trillion total capital releases for 2016. Mrs Adeosun said that in…