The proposed acquisition of  troubled FinBank by First City Monument Bank (FCMB) has suffered a major setback, investigations have shown. This followed recent discovery of hidden bad loans and huge debt profile of the troubled bank. A source at the Securities and Exchange Commission (SEC) yesterday in Lagos said that […]

Nigerian oil firm Oando said on Wednesday it plans to list its shares on the Toronto Stock Exchange in January and it will be producing 10,000 barrels per day of oil sometime next year.  “Our primary listing is on the Nigerian stock exchange . We have a secondary listing on […]

Nigeria plans to auction treasury bills worth 125.09 billion naira ($776.72 million) at its regular debt auction next week, the central bank said on Wednesday.  The regulator said it will sell 30.09 billion naira in 91-day paper, 45 billion naira in 182-day treasury bills and 50 billion naira in 364-day […]