November 23, 2016/Cowry Asset Research The overall equities market performance measures, NSE ASI and market capitalization, both rebounded by 21.9 bps. Elsewhere, NIBOR moved in mixed directions across the tenor buckets. NITTY increased across most of the tenor buckets amid sell pressure Click here for details
Updates
Nigeria’s Skye Bank may sell subsidiaries to boost capital
22/11/2016/Reuters By Chijioke Ohuocha | LAGOS Nigeria’s Skye Bank may sell some or all of its local and foreign subsidiaries as part of a review aimed at streamlining operations and boosting its capital adequacy, its chief financial officer said. The Nigerian central bank shored up Skye Bank in July with […]
Senate, Central Bank rejects proposals to jail people for ownership of FOREX
22/11/2016/huhuonline.com The Senate has expressed surprise at a recommendation by the Nigerian Law Reform Commission for a review of the Nigerian Foreign Exchange Act in order to empower the Central Bank of Nigeria to jail people for up to two years or fine them for 20 percent of the amount […]
