Nigeria plans to auction 154.9 billion naira ($962 mln) in treasury bils with maturities ranging from three months to one year at a twice monthly debt auction on July 26, the central bank said in a public notice. The bank said it will sell 34.8 billion naira in 91-day paper […]
Author: InvestAdvocate
CBN to review upward individual, corporate cash withdraw limit
Respite is underway for the banking public as the Central Bank of Nigeria (CBN) will soon review upwards the current N500,000 and N5 million transaction withdrawal limits for individuals and corporate bodies respectively. The apex bank is also harping on the need for more Nigerians to embrace banking culture and […]
SEC to develop CIS market
The Securities and Exchange Commission has announced plans to develop the Collective Investment Scheme sector of the Nigerian capital market. The apex capital market regulator is taking the step against the backdrop of the fact that the CIS sector remains a thriving sector in major countries. SEC said it had, […]
