Money Market

Nigeria further limits banks’ foreign currency borrowings

Oct 28, 2014/Reuters * Bank trying to ease pressures on naira, stem dollar demand * Naira down almost 4 percent this year as oil prices fall * Lenders tap international debt markets to shore up capital Nigeria’s central bank has cut the limit on banks‘ foreign currency borrowings to 75 […]

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 […]