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| FG to issue N80bn treasury bills next week |
| The Federal Government has concluded plans to raise N80bn ($533m) in 91-day, 182-day and 364-day treasury bills next week, according to the Central Bank of Nigeria.According to a Reuters report on Thursday, the apex bank said it will issue N20bn in 91-day |
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| Pension fund administrators switch to govt bonds |
| Despite the directive of the National Pension Commission that Pension Fund Administrators should invest 25 per cent of their funds in the capital market, investigations have revealed that the PFAs have not been complying with the order as they now invest |
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| AfDB to increase private sector lending in 2011 |
| The African Development Bank (AfDB) expects to lend $2.2 billion to the private sector in 2011, up from the $2 billion forecast for this year, a senior bank official said on Wednesday.The bank’s president said earlier this year that he expected overall |
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| Recapitalisation: NSE council approves N9bn placing |
| The Council of the Nigerian Stock Exchange on Tuesday approved a N9bn special placing offer for Wema Bank Plc.The placing was part of the bank‘s efforts to meet the Central Bank of Nigeria’s recapitalisation requirement. |
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| Oceanic Bank explores recapitalisation options |
| Oceanic Bank has revealed that its management is exploring several options for recapitalising through a combination of strategies.The bank in a statement expressed that it is seeking to recapitalise through several options such as internally generated pro |
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| CBN, NDIC verify banks’ half-year report |
| To ascertain the authenticity of their claims, a combined team of inspectors from the Central Bank of Nigeria (CBN) and the Nigerian Deposit Insurance Corporation (NDIC) are currently making the rounds in banks to verify their (banks) half-year results re |
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| SEC sets up committee on companies‘ internal control systems |
| As part of efforts to strengthen the capital market structure, the Securities and Exchange Commission, has inaugurated an inter-agency committee to work out the modalities for the implementation of an effective control system for public companies.This is |
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