Money Market

Zenith Bank shelves plans to raise 100 bln naira due to weak economy

23/3/2017/Reuters By Oludare Mayowa Nigeria’s Zenith Bank has shelved plans to raise 100 billion naira ($318 million) via a combination of bonds and share sales due to weak capital markets,… Read more »

MAN faults CBN, seeks interest rate reduction

March 24, 2017/Punch Ifeanyi Onuba, Abuja The Manufacturers Association of Nigeria on Wednesday faulted the decision of the Monetary Policy Committee of the Central Bank of Nigeria to retain the… Read more »

Nigeria FX traders widen spreads after black market naira rally

March 23, 2017/Reuters By Chijioke Ohuocha The gap between what traders bid and offer for Nigeria’s naira on the black market has widened following a series of central bank interventions… Read more »