Money Market

Unity Bank Gross NPLs of N361bn Considered for Outright Sale

Culled—Proshare July 18, 2017/Unity Bank 2016 Annual Financial Statements Included in loans and advances are gross non-performing loans of N361 billion which have been considered for outright sale & management to an institutional asset management company. The Bank executed a Transaction Implementation Agreement (TIA) and a Sales and Purchase Agreement […]

UBA Says Cancels Staff Share Investment Trust Scheme

19/7/2017/NSE United Bank for Africa Plc (UBA) announces the crossing of 2,080,104,955 units of its ordinary shares from the Staff Share Investment Trust Scheme (SSIT) to the Bank. This transfer of shares from SSIT to the Bank is part of the process of executing the Special Resolution of the Shareholders […]

Weekly Fixed Income and Currency Market Update

July 18, 2017/InvestmentOne Research Please click to download the Fixed Income and Currency Market Report for the Week ended 14th July 2017 MONEY MARKET ·         Money market rates declined across all tenors in the outgone week despite CBN selling N129bn worth of OMO bills which offset the N90bn maturity. ·         The Overnight […]