Money Market

AMCON Names Skye Bank Buyer of Mainstreet

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Asset Management Corporation of Nigeria (AMCON) on Saturday named mid-tier lender, Skye Bank Plc as buyer of nationalised bank, Mainstreet Bank Limited, the Corporation said. According to a statement from the Asset Management Company, Cedar One Investment Partners Limited is the first reserve bidder […]

Union Bank Awarded with PCI DSS Certification

Press Release LAGOS- October 3, 2014 – Union Bank of Nigeria Plc is now certified with the Payment Card Industry Data Security Standard (PCI DSS). PCI DSS is a global security standard for protecting card data, created by leading card companies Visa, MasterCard, American Express, Discover and JCB. The Bank […]

E.C.B. Leaves Key Interest Rate Unchanged

The European Central Bank on Thursday left its benchmark interest rate unchanged, a decision overshadowed by anticipation about plans to begin purchasing private-sector assets this month as a way to revive bank lending and pump money into the eurozone economy. The decision to keep the benchmark interest rate at 0.05 […]