Standard Chartered PLC (STAN.L), DBS Group Holdings Ltd (DBSM.SI) and HSBC PLC (HSBA.L) have submitted first round bids for Societe Generale’s (SOGN.PA) Asian private bank valued at $600 million, people involved in the sale told Reuters. SocGen, France’s second-largest bank by market capitalization, is selling the unit as part of […]
Author: InvestAdvocate
Osun State issues Nigeria’s debut sukuk at 14.75 pct -bankers
* Osun State issues Nigeria’s first sukuk -bankers * Nigeria tapping into growing demand for Islamic debt Nigeria’s Osun State has issued a 10 billion naira ($62 mln) sukuk yielding 14.75 percent, bankers said on Wednesday, the first Islamic bond from a major economy in sub-Saharan Africa. The cocoa-producing, southwestern […]
Banks await outcome of new forex auction system
Banks and financial market dealers are waiting to see how the Central Bank of Nigeria’s newly introduced retail foreign exchange auction system, called Retail Dutch Auction System, will affect the economy. The CBN had on Wednesday replaced the wholesale foreign exchange auction method, called Wholesale Dutch Auction System, with the […]