23/3/2017/Reuters By Oludare Mayowa Nigeria’s Zenith Bank has shelved plans to raise 100 billion naira ($318 million) via a combination of bonds and share sales due to weak capital markets, it said on Thursday. The bank had expected market conditions to improve when it announced plans to seek approval for […]
Money Market
MAN faults CBN, seeks interest rate reduction
March 24, 2017/Punch Ifeanyi Onuba, Abuja The Manufacturers Association of Nigeria on Wednesday faulted the decision of the Monetary Policy Committee of the Central Bank of Nigeria to retain the Monetary Policy Rate at 14 per cent. The President, MAN, Mr. Frank Jacobs, said in a telephone interview with our […]
Nigeria FX traders widen spreads after black market naira rally
March 23, 2017/Reuters By Chijioke Ohuocha The gap between what traders bid and offer for Nigeria’s naira on the black market has widened following a series of central bank interventions on the official market. Traders are trying to hedge against losses after the currency firmed sharply during previous session. The […]
