Nigeria’s naira firmed against the greenback on the interbank market on Wednesday, after dollar sales by the central bank and two oil firms boosted liquidity amid lacklustre demand, traders said. The naira ended at 162.75 to the U.S. dollar on the interbank on Wednesday, firmer than the 163.16 it closed […]
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Nigeria’s “bad bank” may list nationalised lenders
* AMCON runs three nationalised banks after rescue * Rival banks had been lined up to bid for them * Listing may get more attractive valuation LAGOS, July 3 (Reuters) – Nigeria’s state-backed “bad bank” on Tuesday said it may list three lenders that were nationalised as part of a […]
Diamond admits traders’ behavior “reprehensible”
By Matt Scuffham-Reuters The chastened former head of Barclays apologized for the “reprehensible” behavior of his traders who fixed interest rates, but told British lawmakers on Wednesday his bank had been unfairly singled out after coming forward to admit wrongdoing. Bob Diamond, 60, quit this week after Barclays agreed to […]
