Keystone Bank Limited, one of the three nationlised banks belonging to the Asset Management Corporation of Nigeria, has sold its Ugandan subsidiary due to lack of capital to run it. A statement by the bank on Sunday said the Ugandan unit, Orient Bank Limited, had been acquired by the erstwhile […]
Money Market
Nigerian Interbank rates Rose 11.25% on tightening liquidity
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian interbank rates rose to 11.25 percent on Friday compared with 8.25 percent reported last week after local currency liquidity tightened following purchases of Treasury bills and foreign exchange, a Reuters report quoted traders. The report says market liquidity dropped to about N260 billion […]
CBN to Issue $5 billion in Treasury bills in Q2
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Friday said it plans to issue new treasury bills worth N995.5 billion ($5 billion) in the second quarter (Q2) 2015 as from March 19. The central bank in its debt issuance calendar for the period says it will […]
