Money Market

Nigeria raises 144 bln naira in Treasury bills; yields mixed

Thu Jun 18, 2015/Reuters Nigeria raised 143.64 billion naira ($723 million) in Treasury bills with mixed yields, the central bank said on Thursday. Total bids for the notes stood at 275.30 billion, up from 253.82 billion naira at the last auction on June 3, it said. The bank said it […]

UBA Says Apollos Ikpobe Resigns from Board

By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s top tier lender, United Bank for Africa Plc (UBA) on Wednesday announced the resignation of Apollos Ikpobe from its board. The bank in an issuer’s announcement with the Nigerian Stock Exchange (NSE) said Ikpobe’s resignation took effect from June 11, 2015. UBA affirmed that the resignation […]

FirstBank Expands to Guinea on Acquisition of ICB, Now FBNBank Guinea

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s top tier and most valuable lender, First Bank of Nigeria Ltd said on Wednesday its expanding to Guinea following its 100 percent acquisition of International Commercial Bank (ICB) now known as FBNBank Guinea. “The launch further consolidates FirstBank’s position as the largest corporate and […]