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.
Forex: Turnover in I&E falls by 10% to $843.97m
By Elizabeth Adegbesan MONEY MARKET The volume of dollars traded (turnover) in the Investors and Exporters (I&E) window of the Nigerian foreign exchange market fell by 10 percent, month-on-month, to $843.97 million last month from $937.27 million in July, 2020. This represents the second consecutive decline after it fell 6.0 percent in July from […]
Knowing the Investment Ratios
Dear Reader, on this page, we had discussed investment objectives, risk tolerance and red flags that investors must watch before taking decision on any company’s shares. It is necessary at this juncture to examine one of the tools that stockbrokers deploy to ascertain the financial health of a company before executing investors’ purchase or sale order. This is a risk aversion strategy. Securities dealers cannot conduct proper analysis without application of these tools called financial ratios. The ratios are contained in the company’s financial statement which comprises basic information that appeal to diverse users for different reasons. Users of financial statement are the company’s management, government and its agencies, banks and other financial institutions, customers, competitors, investment analysts and employees.
Polaris Bank introduces Target Savings Account
Admonishes Nigerians to strengthen their savings culture Polaris Bank has launched ‘Polaris Target Savings Account’ to help Nigerians imbibe healthy savings culture as a means of building a strong financial base. The Bank in a statement released at the weekend quoting its Group Head, Products & Market Development, Mrs Adebimpe Ihekuna said “The savings […]
