Fidelity Bank Plc has issued a $300m five-year Eurobond paying a 6.875 per cent coupon and priced at a discount to give a seven per cent yield. Reuters quoted a senior official of Fidelity Bank, who declined to be named, as saying that the bond sale was completed on Thursday. […]
More News
Banks Enforce KYC Requirements for Non-financial Businesses
Deposit Money Banks (DMBs) have warned that restriction will be placed on the accounts of Designated Non-financial Businesses and Professions (DNFBPs) operators that failed to comply with the Know-Your Customer (KYC) requirement of the Central Bank of Nigeria (CBN). The CBN’s deadline for compliance with the KYC update by the […]
ECB cuts interest rates, open to further action
The European Central Bank cut interest rates for the first time in 10 months on Thursday and held out the possibility of further policy action to support the recession-hit euro zone economy. Responding to a drop in euro zone inflation well below its target level and rising unemployment, the ECB […]
