Nigeria sold 95.56 billion naira ($589.1 million) in three-month and six-month treasury bills, the central bank said on Friday, as strong demand pushed yields to their lowest level in seven weeks. It sold 30.16 billion naira of 91-day paper at 13.75 percent at Wednesday’s twice monthly auction, down from 14.09 […]
Tag: Central Bank of Nigeria
Court dismisses shareholders’ suit on nationalised banks
A Federal High Court in Lagos has dismissed a suit by some aggrieved shareholders of the three nationalised banks – Afribank Plc, Spring Bank Plc and Bank PHB Plc – challenging the takeover of their banks by the Central Bank of Nigeria and Asset Management Corporation of Nigeria. Following the […]
CBN extends deadline for universal banking licence submission
The Central Bank of Nigeria has granted an extension for Deposit Money Banks to submit the licences granted to them under the universal banking model. It, however, failed to give the date for the new deadline. The move was announced on Tuesday shortly after the 308th bankers’ committee meeting at […]
