The Nigerian Stock Exchange has admitted the Federal Government of Nigeria’s 50 million 16 per cent June 2019 Bond into its Daily Official List. The Series 3 bond, named FG9B2019S3, is valued at N50bn and was admitted on Friday. The NSE’s report for the week ended July 6, 2012 noted […]
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Falling naira: CBN sold $2.75bn in June
In a bid to save the naira from continuous decline, the Central Bank of Nigeria sold a total of $2.75bn at the Wholesale Dutch Auction System in the month of June. Information gathered by our correspondent on the CBN website showed that the external reserves dropped marginally to $36.6bn in […]
Jaiz bank to raise N8bn for licence
Shareholders of Jaiz Bank Plc has given approval to the proposal of the board to raise fresh N8bn for a national banking licence. Jaiz is the first bank to fully commence Islamic Banking operation, following the adoption of the non-interest banking model by the Central Bank of Nigeria. The non-interest […]
