MONEY MARKET

Nigeria plans to raise about 142.43 billion naira ($453.60 million) in short-dated Treasury bills at an auction on Feb. 15, the Central Bank of Nigeria (CBN) said on Tuesday. The bank said it would raise 32.43 billion naira in three-month debt, 30 billion in six-month bills and 80 billion in...

The Central Bank of Nigeria (CBN) has advised all banks and their external auditors to adhere to Rule 9 (Application of International Standard on Auditing (ISA) 701 – (Communicating Key Audit Matters in the Independent Auditor’s Report) of the Financial Reporting Council of Nigeria (FRCN). Independent auditors are mandated by...

Skye Bank has announced the voluntary resignation of some of its executive directors from the services of the bank on Friday. The directors who resigned are Mr. Idris Yakubu, Mrs. Markie Idowu, Mrs. Abimbola Izu and Mr. Bayo Sanni. The directors had served in executive management capacity for nearly two...

Despite pressure on the Central Bank of Nigeria (CBN) from local and international currency speculators, traders, consultants and politicians to allow the currency to freely float as a way of easing foreign exchange scarcity that has hit the country, the apex bank has recently said it will not allow the...

The latest financial market report released by a Lagos based investment banking and research firm, Afrinvest West Africa Limited has clearly stated that Nigerian banks’ assets have depreciated in the last two years, with provisions for Non-Performing Loans (NPLs) hitting N856.9 billion. It said provisioning for the NPLs, which rose...

…… Bank leads in three performance categories Skye Bank’s website www.skyebankng.com has been recognised as one of the most improved bank websites as announced by foremost web ranking agency, Web Jurist, powered by Philips Consulting in its just-released rating. Skye Bank rose from its previous 18th position in ranking to...

  Nigeria plans to raise around 242 billion naira ($772 million) in short-dated treasury bills at an auction on February 1, 2017 the Central Bank of Nigeria (CBN) said on Tuesday. The bank said it would raise 45.17 billion naira in three-month debt, 80 billion in six-month bills and 117.22...

Skye Bank is set to make more millionaires out of Nigerians in its repackaged ‘Reach For The Skye Millionaire’ reward, Season II. This was disclosed in a press statement issued by the bank. The Season II which officially kicked off in January 2017, promises to deliver more benefits to the...

The Naira remained steady on Monday, trading at N498 per dollar at the parallel market which was against the prediction of some financial experts that the Naira will trade slightly about N500 per United States dollar this week despite the commencement of the sale of foreign exchange to Bureau De...

The Deputy Managing Director, Ecobank Nigeria, Tony Okpanachi has expressed delight over the level of acceptability and wide patronage of Ecobank MasterPass QR, an innovative global digital payment solution recently introduced into the nation’s financial landscape by the Bank. It would be recalled that Ecobank was the first financial institution...