Shareholders in Royal Bank of Scotland (RBS.L) are in talks with litigation funds with a view to launching a formal 3.3 billion pound ($5.24 billion) fund lawsuit against the bank, the Times reported on Monday. The shareholders, known as the RBoS Shareholders Action Group, plans to sue RBS and its […]
Author: InvestAdvocate
Inter-bank rates fall on excess liquidity
Inter-bank lending rates eased further last week to an average of 10.75 per cent, from 11 per cent recorded the previous week, as cash from mature bonds and bills hit the market and unattractive yields on treasury bills limited central bank mop-up efforts. Dealers said about N81bn ($512.33m) in mature […]
Bank lending fell by 2.7% in Q2 – CBN
Aggregate net credit by banks to the domestic economy fell in the second quarter by 2.7 per cent to N13.31tn, as against the marginal decline of 0.1 per cent at the end of the preceding quarter. Latest report released by the Central Bank of Nigeria showed that the decline in […]
