July 4, 2018 By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) has extended the mandate of the board of directors of Skye Bank Plc for an additional two (2) years to 2020. This is contained in a notice on Wednesday signed by Babatunde Osibodu, company secretary/general counsel […]
Money Market
Mid-tier Banks Show Solid Earnings Potential But Still Need to Recover From the 2016 Recession
Culled—Proshare July 4, 2018/Moody’s Investors Service Nigeria’s mid-tier banks — Fidelity Bank Plc (Fidelity), Union Bank of Nigeria Plc (Union), First City Monument Bank Limited (FCMB), Sterling Bank Plc, and Diamond Bank Plc (Diamond) — will grow their earnings materially over the long-term, says Moody’s Investors Service (“Moody’s”) in a […]
Forex Market Gets $210m Lift from CBN
Culled—Proshare July 3, 2018/CBN In its desire to ensure liquidity in the foreign exchange market to meet customers’ requests in various segments of the market, the Central Bank of Nigeria (CBN) has again injected the sum of $210million into the inter-bank Foreign Exchange Market. Figures obtained from the Bank on […]
