Nigeria’s state bad bank AMCON has closed a book building and priced 1.7 trillion naira ($11 billion) in 3-year zero coupon bonds with an 11.8 percent yield, the lead issuing house said on Wednesday. The issue is in three tranches. The first 1.15 trillion naira tranche was issued to exchange […]

By Ademola Alawiye with agency report The Central Bank of Nigeria on Tuesday said that the Asset Management Corporation of Nigeria had bought all non-performing loans in the banking sector. The Director, Banking Supervision, CBN, Mr. Sam Oni, said that the corporation had made tremendous progress in terms of purchasing […]

By JOSEPH ONYEKWERE THE Investment and Securities Tribunal, Lagos has reserved ruling on whether it has jurisdiction to entertain the suit file by 14 representatives of investors of Nospetco Oil and Gas Limited against the Security and Exchange Commission (SEC), the Central Bank of Nigeria (CBN) and the company also […]