Nigeria's Skye Bank has raised $100 million in debt from a multilateral institution at a floating coupon rate of 6.3 percent for seven-years to boost its capital, its chief executive Kehinde Durosinmi-Etti said on Thursday.
The CBN recently released figures for monetary aggregates for March 2011. Broad money (M2) was restrained, rising 14% YoY to N13.3 trillion, and basically flat (-0.3%) year-to-date.
Nigeria's United Bank for Africa (UBA) is considering merging its Zambian unit with one or more other local lenders to meet a new regulatory minimum capital of $100 million, its group chief executive said on Tuesday.
The Central Bank of Nigeria (CBN) has indicated that plans are underway to conduct another official appraisal of Nigerian banks before the end of 2012 as part of the Financial Sector Assessment Programme under a technical assistance programme provided by