JPMorgan Chase, the largest bank in the United States, said Friday that its loss from a highly publicized trading blunder had grown to $4.4 billion in the most recent quarter, more than double the bank’s original estimate of $2 billion. The bank also said that it was reducing its net […]
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Nigeria to auction 75 bln naira of bonds on July 18
Nigeria plans to raise 75 billion naira ($466.30 million) through sovereign bonds ranging between 5 and 10 years at its regular auction on July 18, the Debt Management Office (DMO) said on Thursday. The debt office said it would sell 25 billion naira each in the 5-, 7- and 10-year […]
UBA, Zenith, others drive banking index
The shares of United Bank for Africa Plc, Zenith Bank Plc and Union Bank of Nigerian Plc recorded significant gains at the close of trading activities on Wednesday, thus boosting activities on the Nigerian Stock Exchange. UBA, which had released its second quarter result the previous day, surged to a […]
