CDL is a specialised financial Institution created by the Central Bank of Nigeria (CBN), to assist its management of liquidity in the economy. It is wholly owned by a consortium of eight (8) Solid Nigerian Banks led by Union Bank of Nigeria Plc and Afribank of Nigeria Plc; two of the leading banks in Nigeria.

Our crop of highly skilled, well trained and time tested work force are adequately equipped to deliver professional, effective and customised solutions in the following service areas:

 
 
Surplus Funds Management
Fixed Tenor Deposits/Interbank Takings
 
Trading services are provided to CDL's clients for
the Sale and purchase of treasury bills and

other government securities on an outright basis.
 
CDL Asset Management Limited (CAM) is a subsidiary of CDL, which is set up with complementary product offering to the core discount house business, which will create opportunity for synergy in related areas of operation as a means of enhancing shareholders value.
 
CDL provides rediscounting services to its customers in need of liquidity. Eligible bills for this service are treasury bills and commercial bills of top rated institutions.
   
 
CDL has been appointed as one of the Primary Dealers/Market Makers (PDMM) in FGN Bonds. Our skills in fixed income securities trading will help enhance the wealth of our clients. Customers can buy and sell FGN Bonds through us.
 
 
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Date:19 May, 2008
Mon. Policy Rate
10.25%
Deposit Rate
5.775 - 5.995%
Lending Rate
10.25%
93-122 Day
NIL
63-92 Day
NIL
33-62 Day
NIL
8-32 Day
NIL
1-7 Day
NIL
 
Bid and Offer rates are indicative
Maturity
Bid - Offer
26-Jul-09
105 - 45/60
14-Dec-10
99 - 30/45
25-Jan-13
96 - 40/55
28-Sep-14
97 - 25/55
31-Aug-17
92 - 40/70
Complete buying & selling rates
Next auction bid date
 
Date: 21 May, 2008
7 days

14.00%

30 days

14.25%

60 days

14.35%

90 days

14.50%

180 days

14.50%

365 days

15.00%

 
Date
20/05/2008
Index

 62,177.72

Deals
 19,139
Volume
 1,012,201,580
Value
  N10,340,939,653.29
Cap.
 N12,056,660,938,666.37
 
Bull Plaza, 10th – 12th Floors
38/39 Marina
Lagos


Tel: +234 1 2644271 – 9 (Dealing)
+234 1 2644281 – 4 (PABX)
Fax:+234 1 2644280
E-mail: cdl@cdlnigeria.com