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   Market Date: 02-10-2014   
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Money Market

  1. CBN explains rationale for the introduction of fees on ATM Transactions


    The Central Bank of Nigeria (CBN) has noted some public comments on its recent circular in respect of fees/charges on the extended use of other banks Automated Teller Machines (ATMs).
  2. Indonesia: LPS issues regulation on procedures to sell shares of failing banks


    The Indonesia Deposit Insurance Corporation (LPS) recently issued the new Regulation on Procedures to Sell Shares of Failing Banks (1/PLPS/2014), which replaces Regulation 2/PLPS/2011.
  3. MPC meeting preamble: Change at CBN helm but not in MPR


    The Central Bank of Nigeria (CBN) concludes its two day monetary policy committee (MPC) meeting today which will be the first MPC meeting chaired by new CBN Governor Godwin Emefiele.
  4. MPC to hold benchmark rate at 12%


    The Central Bank of Nigeria’s Monetary Policy Committee will leave interest rates unchanged for the 17th time in a row on Tuesday as it tries to balance controlling inflation and supporting the naira with fostering growth, Reuters reported quoting its pol
  5. Ahead of MPC: Major Policy Tweak Unlikely …as Emefiele chairs first MPC meeting


    The Monetary Policy Committee (MPC) will be meeting on the 21st and 22nd July, 2014 (the first meeting to be chaired by the new CBN Governor, Godwin Emefiele) to discuss developments in the global and domestic economy and deliberate on appropriate monetar
  6. CBN Extends BDC’S Compliance Period to July 31, 2014


    Further to our Circular ref: FPRD/DIR/GEN/CIR/01/009 of June 23, 2014 on “New Requirements for the Operation of Bureau De Change in Nigeria”, the Central Bank of Nigeria, based on representations from stakeholders
  7. WemaBank secures over $50m trade lines of credit from foreign correspondent banks


    In continuation/support of its recovery based on a strong emphasis on solid growths in key areas of its banking operations, Wema Bank Plc announced over the weekend the anticipated new credit lines/development finance for its customers.
  8. Time for the CBN to Stop the Excesses it Created through BDC's


    Nigeria's central bank has intensified work to address the current state where it has inadvertently created a huge arbitrage in the FX market and consequentially, aided the dollarization of the economy.
  9. CBN RELEASE: New Requirements for BDCs


    The Central Bank of Nigeria (CBN) has informed the general public through her press release of Monday 23rd June, 2014 of New Requirements for Bureau De Change operators.
  10. The New Requirements for BDCs from Central Bank


    The Central Bank of Nigeria, in a bid to correct observed deficiencies in the operation of Bureaux de Change (BDCs) in Nigeria which have led to gross inefficiencies and sharp practices in the foreign exchange market, has taken steps to check the growing
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