Fri Feb 5, 2016/Reuters Guaranty Trust Bank (GT Bank) launched a tender offer on Friday to repay a $500-million Eurobond early, a move to deploy its available dollar liquidity ahead of the debt’s maturity. The bank said the notes, priced to yield 7.5 percent, were due to mature in May […]
Money Market
FCMB Raises $115.6 Million Bond in Q3
By InvestAdvocate Lagos (INVESTADVOCATE) –FCMB Group Plc said on Thursday it has raised $115.6 million (N23 billion) bond at the end of its third quarter (Q3), according to a Reuters report quoting Ladi Balogun, FCMB’s chief executive officer. According to the report Balogun said that FCMB still had room to […]
CBN Releases Approved Guidelines for Banking Operations in the Free Zones in Nigeria
February 2, 2016/CBN Objectives The objectives of these Guidelines are to – complement and enhance the provisions of the Free Zones (FZs) Acts; provide details of regulatory and supervisory requirements necessary to promote efficient and sustainable banking services in Nigeria’s FZs; spell out details of permissible and prohibited activities of […]
