FX market in doldrums as funds offer dollars at premium -traders
FX market in doldrums as funds offer dollars at premium -traders OFFSHORE funds in Nigeria offered on Wednesday to sell the dollar at close to its black market rate,…
Heritage Bank, Cross River, Ita Giwa join forces on Climate Change
Heritage Bank, Cross River, Ita Giwa join forces on Climate Change HERITAGE Bank Plc, has aligned forces with Cross River State and Senator Florence Ita Giwa-led Seagull Band to educate…
FMDQ approves registration of the Wema Bank N50bn commercial paper
FMDQ approves registration of the Wema Bank N50bn commercial paper FMDQ OTC Securities Exchange (FMDQ) welcomed the commercial paper (CP) programme registration of Wema Bank Plc, the Wema Bank N50…
CBN plans N140 bln treasury bill sale next week
CBN plans N140 bln treasury bill sale next week CENTRAL Bank of Nigeria (CBN) is planning to sell billion worth of treasury bills at an auction next week. The…
CBN reforms capital importation to attract foreign investors
CBN reforms capital importation to attract foreign investors THE Central Bank of Nigeria (CBN) on Monday will start issuing electronic certificates for capital imported into the country, in a…
UBA applies for UK banking licence, provides for N38bn 9mobile loan
UBA applies for UK banking licence, provides for N38bn 9mobile loan THE management of United Bank for Africa Plc, has said that it had applied to the Financial Services…
Access Bank provides N4bn impairment on 9mobile loan
Access Bank provides N4bn impairment on 9mobile loan ACCESS Bank said on Wednesday it had booked a N4 billion impairment on its loan to troubled telecoms firm 9mobile, formerly…
UBA makes provision on loans to 9mobile
UBA makes provision on loans to 9mobile UNITED Bank for Africa (UBA) said it had made a provision on loans made to 9mobile, the mobile operator formerly known as…
CBN to offer liquidity support to boost Islamic banking
CBN to offer liquidity support to boost Islamic banking THE Central Bank of Nigeria (CBN) said on Thursday it is setting up two financial instruments to provide liquidity support to…
CBN plans N193bn Treasury bill sale next week
CBN plans N193bn Treasury bill sale next week CENTRAL Bank of Nigeria plans to raise billion worth of treasury bills at an auction on Aug. 30. The bank will offer billion…