By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)- Skye Bank Plc Thursday announced the appointment of two (2) new Directors to its Board. The Bank appointed one Non-Executive Director and an Independent Director to the Board of the Bank. This is contained in a notice to the Nigerian Stock Exchange (NSE) and […]
Tag: Central Bank of Nigeria
Nigeria naira, bond yields up after cbank moves
Nigeria’s naira firmed 1.5 percent against the U.S. dollar and bond yields climbed 0.5 percent on Wednesday, a day after the central bank took measures to stabilise the weak local currency, which is adding to inflation pressure. The central bank left its benchmark interest rate on hold at 12 percent […]
Nigeria’s Central Bank reduces NOP limit to 1%
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s Central Bank Tuesday reduced its Foreign Exchange Net Open Position (NOP) limit to Banks to one percent (1%) down from 3%. This was contained in a Circular with reference number TED/FEM/FPC/GEN/01/018 and dated July 24 2012 signed by Batari Musa, Director Trade & Exchange […]
