Tuesday, 19 June 2012 / John Omachonu & Onyinye Nwachukwu / BusinessDay Embattled Societe Generale Bank Nigeria (SGBN) Limited is to commence operations under a new name, Heritagebank, following approval by the Central Bank of Nigeria (CBN), which says the bank has met the financial requirements for returning to business. […]
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Naira strengthens on oil companies’ dollar sales
The naira currency firmed against the United States dollar on the inter-bank foreign exchange market on Wednesday, supported by large dollar sales by units of two energy multinational companies and a slowdown in demand. The naira closed at N162.55 to the dollar on the inter-bank market, slightly higher than the […]
Barclays to pay $400M-plus to settle LIBOR charges
Barclays agrees to pay $400M-plus to settle charges it attempt to manipulate key lending rates Associated Press Barclays PLC and its subsidiaries have agreed to pay more than $400 million to settle charges that it attempted to manipulate and made false reports related to setting key global interest rates. The […]
