Money Market

CBN sells N167bn Treasury Bills as yields fall

The Central Bank of Nigeria says it has sold Treasury bills worth N167bn at its Wednesday auction. This was less than the N447.81bn worth of bids submitted by investors. Bids at the last auction stood at N318.58bn. The CBN said the yields fell across the board at the auction on […]

Naira Appreciates 0.66%, Trades N225/$1 in Black Market

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The naira on Thursday appreciated 0.66 percent, trading at N225 to a dollar in the parallel market compared to the value of N226.50/$1 it exchanged the previous day. Proshare’s daily exchange rate monitor say the naira traded against the British pounds sterling and euro at […]

Keystone Bank Directs US Citizen Customers to Comply with Foreign Account Tax Compliance Act

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nationalised lender, Keystone Bank Ltd on Thursday directed its customers who are United States (US) citizens/residents, directors/shareholders, investors and/or entities or companies that maintain accounts or business relationship with the bank to comply with the Foreign Account Tax Compliance (FATCA). An e-mail notice to InvestAdvocate […]