August 17, 2016/Cordros Q What is the Cordros Money Market Fund? The Cordros Money Market Fund (“the Fund) is an open-ended mutual fund that seeks to provide safety, liquidity, diversification and competitive return. The Fund will invest in high quality short term money market securities, unsubordinated short term debt securities […]
Updates
FirstBank Denies NPA Funds in Its Accounts
August 17, 2016/FBN Holdings Plc In view of the media story making the rounds on the NPA funds allegedly concealed in the Bank, the Management wishes to clarify that following the Federal Government of Nigeria’s directive on the implementation of the Treasury Single Account (TSA) and the subsequent CBN’s directive […]
NTB Auction Teaser: Lower Than Previous Rates Expected
August 17, 2016/Cordros On Thursday, 18th August 2016, the sum of N62.44 billion will be injected into the banking system through maturing treasury bills. This comprises N32.44 billion of the 91-day and N30 billion of the 182-day bill. As is common practice, the CBN will offer the same amount (N62.44 […]
