Citigroup Inc agreed to pay $590 million to settle a shareholder lawsuit accusing it of hiding tens of billions of dollars of toxic mortgage assets, one of the largest settlements stemming from the global financial crisis. The agreement resolves claims that shareholders ended up with massive losses after the bank […]
Uncategorized
CBN to sell N143bn in T-bills
The Central Bank of Nigeria has said it plans to issue N142.97bn ($903.73m) in treasury bills ranging from three-month to one-year maturities at its regular twice-monthly auction on September 6. The bank in a public notice on Wednesday said it would raise N32.97bn in 91-day notes, N50bn in 182-day bills […]
External reserves hit two-year high, rise to $38.51bn
Foreign exchange reserves have risen by 5.71 per cent month-on-month to $38.51bn on August 28, 2012, from $36.43bn recorded a month earlier. The latest figures released by the Central Bank of Nigeria on Wednesday showed that forex reserves rose to a two-year high of $38.51bn. The reserves have not been […]
