21/7/2016/Reuters By Chijioke Ohuocha Nigeria raised a total of 204.9 billion naira in treasury bills on Thursday with maturities ranging from three months to one year at higher yields, fixed income dealers said. The central bank sold 36.7 billion naira of the 3-month treasury bills at 14.14 percent, compared with […]
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Nigeria central bank grants loan to Skye Bank after capital problems
21/7/2016/Reuters By Chijioke Ohuocha Nigeria’s central bank has provided a short-term loan to Skye Bank to help to stabilise its operations after it replaced top executives for failing to meet minimum capital requirements. The central bank has been seeking to contain growing problems at Nigerian banks where profits have been […]
Nigerian Stocks Continue Downward Trajectory, Sheds 0.79% on Selloffs
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian equities market on Thursday continued its downward trajectory as the all-share index (ASI) shed 0.79 percent to close at 27,997.29 points, while market capitalisation dropped by N76.89 billion to N9.62 trillion. “Today’s performance increased the Month-to-Date and Year-to-Date losses to 5.41 percent and […]
