The World Bank’s private sector arm, the International Finance Corporation (IFC) has issued N12 billion ($75 million) of its debut Nigeria local currency bond. Reuters Tuesday quoted a banker who had knowledge of the deal to have disclosed that the fixed income instrument had a yield of 10.2 per cent. […]
World News
Banks, Investors Splash N11tn on Treasury Bills
A total of N11.089 trillion was invested in treasury bills by financial institutions and investors in 2012, data compiled by THISDAY have shown. It showed that while a total of N4.393 trillion was invested in the short-term instrument through the Central Bank of Nigeria’s (CBN) Open Market Operations (OMO), treasury […]
UK prepares new law to break up errant banks
British banks that fail to shield their day-to-day banking from risky investment activities could be broken up, Chancellor George Osborne said on Monday, bowing to political pressure to come down harder on reckless lenders. European countries are retooling their financial systems to prevent a repeat of the 2008 financial crash, […]
