May 4, 2018/Thisday Deal valid for three years, renewable Obinna Chima First Bank of Nigeria Limited, Stanbic IBTC, Standard Chartered Bank (SCB) and Zenith Bank Plc have been appointed the settlement banks for the $2.5 billion bilateral currency swap agreed between the Central Bank of Nigeria (CBN) and the People’s […]
Money Market
CBN Signs Currency Swap Agreement With the People’s Bank of China
Culled—Proshare May 3, 2018/CBN The Central Bank of Nigeria (CBN) wishes to announce the execution of a bilateral currency swap agreement with the Peoples Bank of China (PBoC). The Governor of the CBN. Mr. Godwin Emefiele, led CBN officials while PBoC Governor, Dr. Yi Gang, led the Chinese […]
NDIC to Pay First Liquidation Dividend to Creditors of Five Closed Banks
Culled—Proshare May 3, 2018 Nigeria Deposit Insurance Corporation in its capacity as the Liquidator of the closed Commercial Trust Bank, Icon Merchant Bank, Merchant Bank For Africa, Ivory Merchant Bank and Financial Merchant Bank (In-liquidation) is pleased to announce that it has concluded arrangement to pay Creditors of the closed […]
