Excessive litigation and the lack of understanding of the legal role of the Nigeria Deposit Insurance Corporation as liquidator have been identified as the major challenges hampering the effective settlement of depositors. A statement by the corporation on Friday quoted the Managing Director/Chief Executive, NDIC, Alhaji Umaru Ibrahim, as saying […]
Author: InvestAdvocate
CBN sells N157bn T-bills at lower yields
The Central Bank of Nigeria sold N157.05bn ($994.62m) worth of treasury bills on Wednesday at yields lower than its previous auction on the back of strong demand from offshore investors and local fund managers. The CBN sold N22.05bn in 91-day notes at a return of 10.30 per cent, marginally lower […]
Market gains deepen as value rises by N343bn
The equities segment of the Nigerian Stock Exchange closed last week on a positive note as major market indicators rose significantly. The market capitalisation of the listed equities rose by N343bn or 3.1 per cent from N11.170tn recorded at the beginning of last week, to N11.513tn at the close of […]
