Nigeria is likely to be included in JP Morgan’s Government Bond Index – Emerging Markets from October, potentially bringing up to $1bn into one of Africa’s most developed debt markets, the bank said on Wednesday. The inclusion of the continent’s top crude oil producer, which will become the second African […]
Author: InvestAdvocate
CBN to issue N71bn T-bills
The Central Bank of Nigeria has said it plans to issue N70.65bn ($445.18m) in treasury bills at its regular bi-monthly debt auction next week as part of measures to tighten liquidity. The Apex bank, which disclosed this on Wednesday, said the treasury bills would range from three-month to six-month maturities. […]
7 Banks Subpoenaed in Libor Investigation
Seven banks have received subpoenas as part of an investigation into the alleged manipulation of the London Interbank Offered Rate, according to a source close to the case and company filings. The banks that were subpoenaed by New York State Attorney Eric Schneiderman include JPMorgan, Citigroup, Barclays and UBS. In […]
