Money Market

The Surprising New Math of Acquisition of Banks in Nigeria – The Skye Bank Case

Thursday, October 24, 2014 10.32 AM / Researc/Proshare The buzz on Customs Street now is about the conundrum Skye Bank Plc’s successful bid represents. Investigations now debunk some long-held assumptions about what a successful bid represents and how PLC’s seeking to make such regulated entities should conduct business. Much more […]

CBN to Regulate Dividend Payment by Banks

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-There is indication that the Central Bank of Nigeria (CBN) will henceforth regulate dividend payment by Banks in the country as new rules has been introduced to prevent banks that do not meet minimum capital requirements from doing so, a Reuters report quoted a document […]

Naira Gains First Week in Nine on Nigerian Intervention

Oct 24, 2014 Nigeria’s naira gained, capping its first weekly advance in nine weeks, after the central bank pledged to intervene to support the currency hit by lower oil prices. The naira strengthened 0.3 percent, the most on a closing basis since Oct. 13, to 164.67 per dollar as of […]