Money Market

Nigerian Bank Debt Taps Turned Off by Oil-Price Slump

Oct 30, 2014/Bloomberg   Central bank rules to curb foreign-currency borrowing by Nigerian lenders threaten to halt Eurobond sales by banks in Africa’s biggest oil producer as lower crude prices heighten risks to the naira. Banks will probably turn to rights offers and naira debt rather than selling dollar bonds, […]

Nigeria further limits banks’ foreign currency borrowings

Oct 28, 2014/Reuters * Bank trying to ease pressures on naira, stem dollar demand * Naira down almost 4 percent this year as oil prices fall * Lenders tap international debt markets to shore up capital Nigeria’s central bank has cut the limit on banks‘ foreign currency borrowings to 75 […]

The Surprising New Math of Acquisition of Banks in Nigeria – The Skye Bank Case

Thursday, October 24, 2014 10.32 AM / Researc/Proshare The buzz on Customs Street now is about the conundrum Skye Bank Plc’s successful bid represents. Investigations now debunk some long-held assumptions about what a successful bid represents and how PLC’s seeking to make such regulated entities should conduct business. Much more […]