March 27, 2017/Keystone Bank Ltd Following the sale of Keystone Bank to Sigma Golf-Riverbank Consortium by the Asset Management Corporation of Nigeria (AMCON), the new investors have finally taken possession with a view to repositioning the bank immediately. A statement from the bank said the handover took place last Friday […]
Money Market
Nigeria overnight lending rate hit 100 pct this week after dollar sales – traders
March 24, 2017/Reuters Nigeria’s overnight lending rate rose as high as 100 percent this week after the central bank withdrew naira liquidity to offset dollar purchases, but it fell sharply on Friday as the government disbursed budget funds through the banking system. Overnight rates fell to 10 percent on Friday […]
Dealers Pick $81.3m Out Of $100m Offered By CBN
Culled—Proshare March 24, 2017/CBN Following Thursday’s FOREX wholesale auction, the Central Bank of Nigeria (CBN) on Friday, March 24, 2017, concluded transactions on the sum of $100 million earlier offered at the interbank market to meet customers’ demands, out of which authorized dealers were only able to pick $81.347 million […]
