28/2/2017/Reuters Nigeria’s Zenith Bank said on Tuesday it would seek shareholder approval next month to raise 100 billion naira ($318 million) via a combination of share or bond sale and global depository receipts. The lender also said it would seek approval to increase its share capital to 40 billion naira […]
Money Market
Nigeria reacts positively to a forex crisis of confidence and liquidity
Culled—Proshare February 27, 2017/FDC Economic Deterioration 2014 – 16 Currency Misalignment Fair value: N340 · Market premium= 40% of N340 · Parallel market should not trade above market premium + fair value · i.e approx. N476/$ – target rate for parallel market Multiple Exchange Rates Announces new policy on […]
Former CBN Director Raises Questions on Abandoned CBN Branch Project
Culled—Proshare February 27, 2017/News Chief Samuel Bandele Falegan, a former Director of the Central Bank Of Nigeria and former Managing Director of the Federal Mortgage Bank, on Friday, February 17, 2017 became one of the latest whistle blowers on financial transactions in Nigeria’s public institutions when he raised eight-pointed concerns […]
