 * Interbank rates spike by 7 percentage points * No visible effect on naira (Recasts with details, background) Nigeria’s central bank removed an estimated 1 trillion naira ($6.27 bln) from the banking system on Wednesday, causing interbank lending rates to spike by 7 percentage points from Tuesday’s close, but […]
World News
IFC to issue up to $1 billion in Nigerian naira bonds
The International Finance Corporation will launch a $1 billion local currency bond programme in Nigeria that will allow it to issue debt regularly to fund infrastructure and other development projects, it said on Wednesday. The IFC, the World Bank’s private sector arm, said the programme would help deepen domestic capital […]
Keystone Bank Offers Holiday (Online) Banking
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Keystone Bank Limited has said it will continue to provide convenient and reliable services to all customers of the bank through the bank’s online and alternative channels during the forthcoming public holiday to mark the Eid-el-Fitri celebration. With this offer, customers of the bank who […]
