Further to the acquisition of Mainstreet Bank by Skye Bank Plc, it would interest investors to know that the bank would be receiving holdings of 121,375,422 units of the AMCON Series V Bonds (redeemed at par) by the end of this month.
Much in line with our expectations regarding the yield environment as the year ends, there was a significant 0.54% month-over-month (MoM) increase in average yield across tenors in the bond market in comparison with the marginal 0.09% MoM growth in the previous month.
Subsequent to the recent announcement of Skye Bank Plc as the preferred bidder for the acquisition of Mainstreet Bank, the Asset Management Corporation of Nigeria (AMCON) and Skye Bank executed the Sale and Purchase Agreement as well as other required documents to consummate the deal.
Lagos, Nigeria, October 6, 2014 – Skye Bank Plc, one of the fastest growing tier 2 Nigerian Banks, with $7.1 billion in total assets, has been named the preferred bidder for the acquisition of 100% equity stake in Mainstreet Bank, being sold by the Asset Management Corporation of Nigeria (AMCON).
The Central Bank of Nigeria’s Monetary Policy Committee will leave interest rates unchanged for the 17th time in a row on Tuesday as it tries to balance controlling inflation and supporting the naira with fostering growth, Reuters reported quoting its pol
The Monetary Policy Committee (MPC) will be meeting on the 21st and 22nd July, 2014 (the first meeting to be chaired by the new CBN Governor, Godwin Emefiele) to discuss developments in the global and domestic economy and deliberate on appropriate monetar
Further to our Circular ref: FPRD/DIR/GEN/CIR/01/009 of June 23, 2014 on “New Requirements for the Operation of Bureau De Change in Nigeria”, the Central Bank of Nigeria, based on representations from stakeholders