Four Nigerian banks raised $1.45bn (N232bn) from the International Capital Market between January 2011 and July 2013, the Debt Management Office has said. The Director-General of DMO, Dr. Abraham Nwankwo, disclosed this in a presentation made at a one-day retreat for correspondents in Kaduna on Friday. He said 20 companies […]
Tag: Banks
Banks await outcome of new forex auction system
Banks and financial market dealers are waiting to see how the Central Bank of Nigeria’s newly introduced retail foreign exchange auction system, called Retail Dutch Auction System, will affect the economy. The CBN had on Wednesday replaced the wholesale foreign exchange auction method, called Wholesale Dutch Auction System, with the […]
Bank Deposits in Nigeria, Others to Hit $1.1tn by 2020
The Joint Chief Executive Officer, Standard Bank Group, Mr. Ben Kruger,has said despite the challenges facing the banking sector in Africa, the banking industry in 16 key African economies will expand 1.5 times faster than GDP by 2020. Kruger, who made this known at the just-concluded Standard Bank Africa Media […]
