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1d
International Business Times
MasterCard to acquire 92.4% stake in VocaLink Holdings for £700m targets. It was also stated that a majority of VocaLink's shareholders would ho
MasterCard to acquire 92.4% stake in VocaLink Holdings for £700m
International Business Times / Posted yesterday
targets. It was also stated that a majority of VocaLink's shareholders would hold the remaining 7.6% stake for a minimum of three years. The acquisition of VocaLink, which is owned by 18 banks and building societies including Lloyds Banking Group,... Read more
2 related stories
1d
AllAfrica.com
CBN to Fund U.S$697 Million Forward ContractsThe Central Bank of Nigeria (CBN) will today fund the one-month forward contrac
CBN to Fund U.S$697 Million Forward Contracts
AllAfrica.com / Posted yesterday
The Central Bank of Nigeria (CBN) will today fund the one-month forward contracts of $697 million on the interbank FX market, effectively improving dollar liquidity in the market, as the accounts of customers that hedged against the dollar through... Read more
2d
Business Insurance
How the New York Fed fumbled over the Bangladesh Bank heistinstead relying at times on checking payments after they were made, usually for
How the New York Fed fumbled over the Bangladesh Bank heist
Business Insurance / Posted 2 days ago
instead relying at times on checking payments after they were made, usually for problems such as violating U.S. sanctions. Months of bitter finger-pointing over who is to blame for the fiasco have damaged the sensitive diplomacy of correspondent... Read more
2 related stories
2d
AllAfrica.com
Cash Crunch Hits Ministries, Agencies As Revenue NosedivesFederation (SGF), Babachir Lawal, to the Senate recently that there has been a
Cash Crunch Hits Ministries, Agencies As Revenue Nosedives
AllAfrica.com / Posted 2 days ago
Federation (SGF), Babachir Lawal, to the Senate recently that there has been a 40 per cent drop in revenue in the last five months largely due to the activities of militants in the Niger Delta. At the 2016 budget breakdown on May 12, the Minister... Read more
2 related stories
4d
Money Marketing Online
To be and not to be – Multi asset investing with convictioninvesting in equities alone. We define long-term equity-like returns as cash pl
To be and not to be – Multi asset investing with conviction
Money Marketing Online / Posted 4 days ago
investing in equities alone. We define long-term equity-like returns as cash plus 4 per cent per annum, net of fees, over a three- to five-year period. We aim to deliver this with less than 75 per cent of the risk of global equities over the same... Read more
4d
AllAfrica.com
Naira Settles At N292.15/$ As Dealers Limit Spread On OffersBy Obinna Chima and James Emejo Lagos and Abuja — The naira closed at N292.15
Naira Settles At N292.15/$ As Dealers Limit Spread On Offers
AllAfrica.com / Posted 4 days ago
By Obinna Chima and James Emejo Lagos and Abuja — The naira closed at N292.15 to a dollar on the interbank market monday, slightly stronger than the N292.25 to a dollar at which it closed on Friday, after volatility surged following the decision by... Read more
5 related stories
4d
AllAfrica.com
Inflation Rate Rises to 11-Year High at 16.5%in oil revenue and electricity shortages weigh on output. Gross Domestic Produ
Inflation Rate Rises to 11-Year High at 16.5%
AllAfrica.com / Posted 4 days ago
in oil revenue and electricity shortages weigh on output. Gross Domestic Product (GDP) contracted by 0.4 per cent in the three months through March as the naira peg and restrictions on trading foreign currency led to a shortage of dollars needed... Read more
5 related stories
5d
The Times & The Sunday Times
Nigerian currency dealers set dollar spreads after naira hit record lowto close at 290. On Monday the first trade of $780,000 occurred at 292.40 nair
Nigerian currency dealers set dollar spreads after naira hit record low
The Times & The Sunday Times / Posted 5 days ago
to close at 290. On Monday the first trade of $780,000 occurred at 292.40 naira to the dollar at 1116 GMT, more than three hours after the market opened. Another trader said activity was slow pending intervention by the central bank. "There... Read more
5d
AllAfrica.com
Revenue Slump, Militancy Raise Doubts Over 2016 Budgetplan without a corresponding revenue and unresponsive foreign exchange environm
Revenue Slump, Militancy Raise Doubts Over 2016 Budget
AllAfrica.com / Posted 5 days ago
plan without a corresponding revenue and unresponsive foreign exchange environment. In another development, more than two months after President Muhammadu Buhari signed the N6. 06 trillion Appropriation Act into law, it appears members of the... Read more
5d
AllAfrica.com
I Don't Do Politicshave continued to remain on the sidelines, the CBN has finally freed the nation
I Don't Do Politics
AllAfrica.com / Posted 5 days ago
have continued to remain on the sidelines, the CBN has finally freed the nation's currency so that its rate on the Nigeria Interbank Foreign Exchange (NIFEX) will be determined by the interplay of demand and supply. The central bank will equally... Read more
10d
Zero Hedge
Global Stocks, Futures Rise On Disappointing Chinese Trade Data, Hopes For More Central Bank Interventionto an unprecedented 1.32 percent a week ago, surged 15 basis points over the pa
Global Stocks, Futures Rise On Disappointing Chinese Trade Data, Hopes For More Central Bank Intervention
Zero Hedge / Posted 10 days ago
to an unprecedented 1.32 percent a week ago, surged 15 basis points over the past two sessions as demand at auctions of three- and 10-year weakened to levels last seen in 2009. Deutsche Bahn AG this week became the first non-financial company to... Read more
11d
AllAfrica.com
Redemption of U.S.$3.5 Billion Forwards Contract to Test CBN's Forex Rule$3.5 billion forwards contract executed on the first trading under the flexible
Redemption of U.S.$3.5 Billion Forwards Contract to Test CBN's Forex Rule
AllAfrica.com / Posted 11 days ago
$3.5 billion forwards contract executed on the first trading under the flexible exchange rate regime. Besides, as the one-month forwards component of the $3.5 billion, estimated at about $697 million nears redemption date, stakeholders have said... Read more
12d
AllAfrica.com
Interbank Rate Rises On Cash ShortageThe interbank overnight lending rate rose sharply Friday, to an average of 15 p
Interbank Rate Rises On Cash Shortage
AllAfrica.com / Posted 12 days ago
The interbank overnight lending rate rose sharply Friday, to an average of 15 per cent from five per cent a week ago, after the Central Bank of Nigeria (CBN) debited commercial lenders for treasury bills purchases. A total of N190bn (about $670m) in... Read more
12d
The Hindu
Rupee ends at over 3-week high of 67.13, up 24 paiseits gains for the third session, the rupee on Monday surged by another 24 paise
Rupee ends at over 3-week high of 67.13, up 24 paise
The Hindu / Posted 12 days ago
its gains for the third session, the rupee on Monday surged by another 24 paise to close at a more than three week high of Rs. 67.13 on persistent selling of U.S. dollars by bank and exporters amid massive rally in domestic... Read more
18 related stories
12d
Business Standard India
Rupee ends at over 3-week high of 67.13, up 24 paiseput up a strong rally on an across-the-board buying frenzy, lifting the Sensex
Rupee ends at over 3-week high of 67.13, up 24 paise
Business Standard India / Posted 12 days ago
put up a strong rally on an across-the-board buying frenzy, lifting the Sensex about 500 points to close at 11-month high of 27,627 and the Nifty above 8,400 amid robust global cues. However, firm dollar in the overseas market... Read more
18 related stories
12d
AllAfrica.com
CBN Mops Up N190 Billion From Circulationup cash from circulation as it sold a total of N190 billion ($673.76 million) i
CBN Mops Up N190 Billion From Circulation
AllAfrica.com / Posted 12 days ago
up cash from circulation as it sold a total of N190 billion ($673.76 million) in treasury bills last week, which pushed the interbank overnight lending rates to an average of 15 per cent on Friday from five per cent the previous week. Fixed income... Read more
12d
The New Zealand Herald
Kiwi's rates rigging charges dropped by US prosecutoragainst a New Zealand resident accused of conspiring to manipulate benchmark in
Kiwi's rates rigging charges dropped by US prosecutor
The New Zealand Herald / Posted 12 days ago
against a New Zealand resident accused of conspiring to manipulate benchmark interest rates. The move comes near six months after the Wellington man was acquitted in the United Kingdom of similar allegations. Darrell Read, in 2013, was... Read more
14d
Arkansas Democrat-Gazette
Hacking of banks target of agenciesJPMorgan's 2015 annual report, Chief Operating Officer Matt Zames described the
Hacking of banks target of agencies
Arkansas Democrat-Gazette / Posted 14 days ago
JPMorgan's 2015 annual report, Chief Operating Officer Matt Zames described the bank's thousands of employees working from three global security-operations centers to protect the firm. He noted that every month they find more than 200 million... Read more
15d
iol.co.za
Bank shakeout looms over Nigeriaeighth-biggest lender consistently breached cash and liquidity ratios. The regu
Bank shakeout looms over Nigeria
iol.co.za / Posted 15 days ago
eighth-biggest lender consistently breached cash and liquidity ratios. The regulator made the announcement before a three-day holiday and after the local market had closed, with trading set to resume on Friday. The intervention is stirring... Read more
15d
The Age
Baseball bats, lies and Libor: the fall of career Barclays man Peter JohnsonJay Merchant, 45, Jonathan Mathew, 35, and Alex Pabon, 38, who received 6.5 yea
Baseball bats, lies and Libor: the fall of career Barclays man Peter Johnson
The Age / Posted 15 days ago
Jay Merchant, 45, Jonathan Mathew, 35, and Alex Pabon, 38, who received 6.5 years, four years, and two years and nine months in prison for manipulating the London interbank offered rate. Johnson couldn't be sentenced until the conclusion of... Read more
102 related stories
15d
Sydney Morning Herald
Baseball bats, lies and Libor: the fall of career Barclays man Peter JohnsonJay Merchant, 45, Jonathan Mathew, 35, and Alex Pabon, 38, who received 6.5 yea
Baseball bats, lies and Libor: the fall of career Barclays man Peter Johnson
Sydney Morning Herald / Posted 15 days ago
Jay Merchant, 45, Jonathan Mathew, 35, and Alex Pabon, 38, who received 6.5 years, four years, and two years and nine months in prison for manipulating the London interbank offered rate. Johnson couldn't be sentenced until the conclusion of... Read more
102 related stories
16d
Brisbane Times
Ex-Rabobank trader Paul Thompson pleads guilty in US courtwith banks for misconduct without charging individuals, but in the years-long i
Ex-Rabobank trader Paul Thompson pleads guilty in US court
Brisbane Times / Posted 16 days ago
with banks for misconduct without charging individuals, but in the years-long investigation into the rigging of the London interbank offered rate, US prosecutors have charged more than a dozen bankers while securing several convictions. Thompson's... Read more
20 related stories
16d
WA Today
Rabobank trader Paul Thompson pleads guilty in US courtwith banks for misconduct without charging individuals, but in the years-long i
Rabobank trader Paul Thompson pleads guilty in US court
WA Today / Posted 16 days ago
with banks for misconduct without charging individuals, but in the years-long investigation into the rigging of the London interbank offered rate, US prosecutors have charged more than a dozen bankers while securing several convictions. Thompson's... Read more
20 related stories
16d
Canberra Times
Rabobank trader Paul Thompson pleads guilty in US courtwith banks for misconduct without charging individuals, but in the years-long i
Rabobank trader Paul Thompson pleads guilty in US court
Canberra Times / Posted 16 days ago
with banks for misconduct without charging individuals, but in the years-long investigation into the rigging of the London interbank offered rate, US prosecutors have charged more than a dozen bankers while securing several convictions. Thompson's... Read more
20 related stories
16d
The Age
Ex-Rabobank trader Paul Thompson pleads guilty in US courtwith banks for misconduct without charging individuals, but in the years-long i
Ex-Rabobank trader Paul Thompson pleads guilty in US court
The Age / Posted 16 days ago
with banks for misconduct without charging individuals, but in the years-long investigation into the rigging of the London interbank offered rate, US prosecutors have charged more than a dozen bankers while securing several convictions. Thompson's... Read more
20 related stories
16d
Sydney Morning Herald
Rabobank trader Paul Thompson pleads guilty in US courtwith banks for misconduct without charging individuals, but in the years-long i
Rabobank trader Paul Thompson pleads guilty in US court
Sydney Morning Herald / Posted 16 days ago
with banks for misconduct without charging individuals, but in the years-long investigation into the rigging of the London interbank offered rate, US prosecutors have charged more than a dozen bankers while securing several convictions. Thompson's... Read more
20 related stories
19d
Gazette News
Brentwood banker guilty in Libor rigging scandalbanker, Jonathan Mathew, of Priests Lane, Shenfield, was found guilty of manipu
Brentwood banker guilty in Libor rigging scandal
Gazette News / Posted 19 days ago
banker, Jonathan Mathew, of Priests Lane, Shenfield, was found guilty of manipulating the US Dollar London Interbank Offered Rate between 2005 and 2007. He appeared with Jay Vijay Merchant, 45, and Alex Pabon, 37, at Westminster... Read more
102 related stories
19d
guardian-series
Three ex-bankers guilty of rigging Libor rate involving 'eye-watering' sumsThree former Barclays bankers who rigged the Libor rate involving "eye-watering
Three ex-bankers guilty of rigging Libor rate involving 'eye-watering' sums
guardian-series / Posted 19 days ago
Three former Barclays bankers who rigged the Libor rate involving "eye-watering" sums of money have been found guilty of fraud, it can now be reported. Jonathan James Mathew, 35, Jay Vijay Merchant, 45, and Alex Pabon, 37, manipulated the US Dollar... Read more
102 related stories
19d
Harrow Times
Three ex-bankers guilty of rigging Libor rate involving 'eye-watering' sumsThree former Barclays bankers who rigged the Libor rate involving "eye-watering
Three ex-bankers guilty of rigging Libor rate involving 'eye-watering' sums
Harrow Times / Posted 19 days ago
Three former Barclays bankers who rigged the Libor rate involving "eye-watering" sums of money have been found guilty of fraud, it can now be reported. Jonathan James Mathew, 35, Jay Vijay Merchant, 45, and Alex Pabon, 37, manipulated the US Dollar... Read more
102 related stories
19d
Gazette News
Three ex-bankers guilty of rigging Libor rate involving 'eye-watering' sumsThree former Barclays bankers who rigged the Libor rate involving "eye-watering
Three ex-bankers guilty of rigging Libor rate involving 'eye-watering' sums
Gazette News / Posted 19 days ago
Three former Barclays bankers who rigged the Libor rate involving "eye-watering" sums of money have been found guilty of fraud, it can now be reported. Jonathan James Mathew, 35, Jay Vijay Merchant, 45, and Alex Pabon, 37, manipulated the US Dollar... Read more
102 related stories
19d
This is West Country
Three ex-bankers guilty of rigging Libor rate involving 'eye-watering' sumsThree former Barclays bankers who rigged the Libor rate involving "eye-watering
Three ex-bankers guilty of rigging Libor rate involving 'eye-watering' sums
This is West Country / Posted 19 days ago
Three former Barclays bankers who rigged the Libor rate involving "eye-watering" sums of money have been found guilty of fraud, it can now be reported. Jonathan James Mathew, 35, Jay Vijay Merchant, 45, and Alex Pabon, 37, manipulated the US Dollar... Read more
102 related stories
19d
Bolton News
Three ex-bankers guilty of rigging Libor rate involving 'eye-watering' sumsThree former Barclays bankers who rigged the Libor rate involving "eye-watering
Three ex-bankers guilty of rigging Libor rate involving 'eye-watering' sums
Bolton News / Posted 19 days ago
Three former Barclays bankers who rigged the Libor rate involving "eye-watering" sums of money have been found guilty of fraud, it can now be reported. Jonathan James Mathew, 35, Jay Vijay Merchant, 45, and Alex Pabon, 37, manipulated the US Dollar... Read more
102 related stories
19d
Wandsworth Guardian
Three ex-bankers guilty of rigging Libor rate involving 'eye-watering' sumsThree former Barclays bankers who rigged the Libor rate involving "eye-watering
Three ex-bankers guilty of rigging Libor rate involving 'eye-watering' sums
Wandsworth Guardian / Posted 19 days ago
Three former Barclays bankers who rigged the Libor rate involving "eye-watering" sums of money have been found guilty of fraud, it can now be reported. Jonathan James Mathew, 35, Jay Vijay Merchant, 45, and Alex Pabon, 37, manipulated the US Dollar... Read more
102 related stories
19d
St Albans & Harpenden Review
Three ex-bankers guilty of rigging Libor rate involving 'eye-watering' sumsThree former Barclays bankers who rigged the Libor rate involving "eye-watering
Three ex-bankers guilty of rigging Libor rate involving 'eye-watering' sums
St Albans & Harpenden Review / Posted 19 days ago
Three former Barclays bankers who rigged the Libor rate involving "eye-watering" sums of money have been found guilty of fraud, it can now be reported. Jonathan James Mathew, 35, Jay Vijay Merchant, 45, and Alex Pabon, 37, manipulated the US Dollar... Read more
102 related stories
19d
Croydon Guardian
Three ex-bankers guilty of rigging Libor rate involving 'eye-watering' sumsThree former Barclays bankers who rigged the Libor rate involving "eye-watering
Three ex-bankers guilty of rigging Libor rate involving 'eye-watering' sums
Croydon Guardian / Posted 19 days ago
Three former Barclays bankers who rigged the Libor rate involving "eye-watering" sums of money have been found guilty of fraud, it can now be reported. Jonathan James Mathew, 35, Jay Vijay Merchant, 45, and Alex Pabon, 37, manipulated the US Dollar... Read more
102 related stories
19d
Hampshire Chronicle
Three ex-bankers guilty of rigging Libor rate involving 'eye-watering' sumsThree former Barclays bankers who rigged the Libor rate involving "eye-watering
Three ex-bankers guilty of rigging Libor rate involving 'eye-watering' sums
Hampshire Chronicle / Posted 19 days ago
Three former Barclays bankers who rigged the Libor rate involving "eye-watering" sums of money have been found guilty of fraud, it can now be reported. Jonathan James Mathew, 35, Jay Vijay Merchant, 45, and Alex Pabon, 37, manipulated the US Dollar... Read more
102 related stories
19d
This is Oxfordshire
Three ex-bankers guilty of rigging Libor rate involving 'eye-watering' sumsThree former Barclays bankers who rigged the Libor rate involving "eye-watering
Three ex-bankers guilty of rigging Libor rate involving 'eye-watering' sums
This is Oxfordshire / Posted 19 days ago
Three former Barclays bankers who rigged the Libor rate involving "eye-watering" sums of money have been found guilty of fraud, it can now be reported. Jonathan James Mathew, 35, Jay Vijay Merchant, 45, and Alex Pabon, 37, manipulated the US Dollar... Read more
102 related stories
19d
Lancashire Telegraph
Three ex-bankers guilty of rigging Libor rate involving 'eye-watering' sumsThree former Barclays bankers who rigged the Libor rate involving "eye-watering
Three ex-bankers guilty of rigging Libor rate involving 'eye-watering' sums
Lancashire Telegraph / Posted 19 days ago
Three former Barclays bankers who rigged the Libor rate involving "eye-watering" sums of money have been found guilty of fraud, it can now be reported. Jonathan James Mathew, 35, Jay Vijay Merchant, 45, and Alex Pabon, 37, manipulated the US Dollar... Read more
102 related stories
19d
West Moreland Gazette
Three ex-bankers guilty of rigging Libor rate involving 'eye-watering' sumsThree former Barclays bankers who rigged the Libor rate involving "eye-watering
Three ex-bankers guilty of rigging Libor rate involving 'eye-watering' sums
West Moreland Gazette / Posted 19 days ago
Three former Barclays bankers who rigged the Libor rate involving "eye-watering" sums of money have been found guilty of fraud, it can now be reported. Jonathan James Mathew, 35, Jay Vijay Merchant, 45, and Alex Pabon, 37, manipulated the US Dollar... Read more
102 related stories
19d
Kingston Guardian
Three ex-bankers guilty of rigging Libor rate involving 'eye-watering' sumsThree former Barclays bankers who rigged the Libor rate involving "eye-watering
Three ex-bankers guilty of rigging Libor rate involving 'eye-watering' sums
Kingston Guardian / Posted 19 days ago
Three former Barclays bankers who rigged the Libor rate involving "eye-watering" sums of money have been found guilty of fraud, it can now be reported. Jonathan James Mathew, 35, Jay Vijay Merchant, 45, and Alex Pabon, 37, manipulated the US Dollar... Read more
102 related stories
19d
Oxford Mail
Three ex-bankers guilty of rigging Libor rate involving 'eye-watering' sumsThree former Barclays bankers who rigged the Libor rate involving "eye-watering
Three ex-bankers guilty of rigging Libor rate involving 'eye-watering' sums
Oxford Mail / Posted 19 days ago
Three former Barclays bankers who rigged the Libor rate involving "eye-watering" sums of money have been found guilty of fraud, it can now be reported. Jonathan James Mathew, 35, Jay Vijay Merchant, 45, and Alex Pabon, 37, manipulated the US Dollar... Read more
102 related stories
19d
Streatham Guardian
Three ex-bankers guilty of rigging Libor rate involving 'eye-watering' sumsThree former Barclays bankers who rigged the Libor rate involving "eye-watering
Three ex-bankers guilty of rigging Libor rate involving 'eye-watering' sums
Streatham Guardian / Posted 19 days ago
Three former Barclays bankers who rigged the Libor rate involving "eye-watering" sums of money have been found guilty of fraud, it can now be reported. Jonathan James Mathew, 35, Jay Vijay Merchant, 45, and Alex Pabon, 37, manipulated the US Dollar... Read more
102 related stories
19d
Bury Times
Three ex-bankers guilty of rigging Libor rate involving 'eye-watering' sumsThree former Barclays bankers who rigged the Libor rate involving "eye-watering
Three ex-bankers guilty of rigging Libor rate involving 'eye-watering' sums
Bury Times / Posted 19 days ago
Three former Barclays bankers who rigged the Libor rate involving "eye-watering" sums of money have been found guilty of fraud, it can now be reported. Jonathan James Mathew, 35, Jay Vijay Merchant, 45, and Alex Pabon, 37, manipulated the US Dollar... Read more
102 related stories
19d
Gazette
Three ex-bankers guilty of rigging Libor rate involving 'eye-watering' sumsThree former Barclays bankers who rigged the Libor rate involving "eye-watering
Three ex-bankers guilty of rigging Libor rate involving 'eye-watering' sums
Gazette / Posted 19 days ago
Three former Barclays bankers who rigged the Libor rate involving "eye-watering" sums of money have been found guilty of fraud, it can now be reported. Jonathan James Mathew, 35, Jay Vijay Merchant, 45, and Alex Pabon, 37, manipulated the US Dollar... Read more
102 related stories
19d
Belfast Telegraph
Three ex-bankers guilty of rigging Libor rate involving 'eye-watering' sums Alex Pabon was found guilty Three former Barclays bankers who rigged the Lib
Three ex-bankers guilty of rigging Libor rate involving 'eye-watering' sums
Belfast Telegraph / Posted 19 days ago
Alex Pabon was found guilty Three former Barclays bankers who rigged the Libor rate involving "eye-watering" sums of money have been found guilty of fraud, it can now be... Read more
102 related stories
19d
AllAfrica.com
Economy Slides Into Recession in Q2June revealed that economic activities decline faster in June. The decline in J
Economy Slides Into Recession in Q2
AllAfrica.com / Posted 19 days ago
June revealed that economic activities decline faster in June. The decline in June represented decline for six consecutive months. The report revealed that in the manufacturing sector, "Production level, new orders, and employment level and raw... Read more
19d
AllAfrica.com
N268 Billion Contracts Payment, Treasury Bills Boost EconomyOffer Rates (NIBOR) which dropped from 23.4583 per cent last Monday to 5.1667 p
N268 Billion Contracts Payment, Treasury Bills Boost Economy
AllAfrica.com / Posted 19 days ago
Offer Rates (NIBOR) which dropped from 23.4583 per cent last Monday to 5.1667 per cent as at Friday, July 1. Likewise, one-month and three-month rates declined to 11.4625 and 14.1241 per cent from 14.4957 and 16.07339 per cent respectively. "There... Read more
24d
Market Watch
‘Financial contagion’ biggest risk to U.S. from Brexit: Goldmanlies, in Goldman’s view. However, Pashtan said signs of any dollar funding stre
‘Financial contagion’ biggest risk to U.S. from Brexit: Goldman
Market Watch / Posted 24 days ago
lies, in Goldman’s view. However, Pashtan said signs of any dollar funding stress have been difficult to find, so far. The three-month FRA/OIS spread—the differential between forward-rate agreements, such as Libor, and overnight interest swaps is a... Read more
25d
AllAfrica.com
Interbank Rate Falls After Banks Rediscount Debt NotesNigeria's interbank overnight rate eased 20 per cent points to 15 per cent on F
Interbank Rate Falls After Banks Rediscount Debt Notes
AllAfrica.com / Posted 25 days ago
Nigeria's interbank overnight rate eased 20 per cent points to 15 per cent on Friday from Thursday's close after some banks approached the Central Bank of Nigeria's (CBN) discount window for short-term cash accommodation, traders said. The cost of... Read more
26d
AllAfrica.com
Brexit'll Boost Nigeria's Foreign Exchange Policy - CBNtake advantage of this opportunity to grow the economy," she said. Meanwhile th
Brexit'll Boost Nigeria's Foreign Exchange Policy - CBN
AllAfrica.com / Posted 26 days ago
take advantage of this opportunity to grow the economy," she said. Meanwhile the naira ended the first week of the revived interbank foreign exchange market on a positive note on Friday. From N281.67 per dollar on Thursday, the interbank exchange... Read more
4 related stories
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