Money Market

Nigeria’s Skye Bank to raise equity, restructure loans

Mon Aug 10, 2015/Reuters Nigeria’s Skye Bank is in talks to raise 30 billion naira ($151 million) from existing and new investors before the end of the year to bolster its capital base, its chief executive said on Monday. Timothy Oguntayo told an investors’ call the bank had identified some […]

UBA Named Largest Lender to Agric Sector

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Pan-African lender, United Bank for Africa Plc (UBA) said on Monday it has won the largest lender award in the Agricultural sector of the Nigerian economy conferred on it  by Lagos Chamber of Commerce and Industry (LCCI) at the chamber’s annual commerce and industry awards […]

MTN in Talks With Nigeria Central Bank on Early Debt Repayment

August 5, 2015/Bloomberg MTN Group Ltd. is in talks with Nigeria’s Central Bank about the early repayment of almost $600 million of debt to reduce exposure to the naira, which has weakened against the rand this year. “We have already been negotiating with the lenders but the challenge has been […]