Nigeria’s inter-bank lending rates climbed marginally last week to an average of 14.5 per cent, compared with 14.33 per cent the previous week, after the Nigerian National Petroleum Corporation recalled a portion of its deposits with banks, draining liquidity from the system. Reuters reported that NNPC, a major dollar supplier […]

A total of $4.51bn has been disbursed to Nigeria by the International Development Association to meet the country’s developmental needs. Information obtained by our correspondent from the World Bank’s website on Friday also revealed that a total of $408.46m as at February 29 had been disbursed to Nigeria as loans. […]

The    Central Bank of Nigeria has announced plans to issue N140.61bn($894.86m) in treasury bills ranging from three-month to one-year maturities at its regular monthly debt auction this week. The bank said it would auction N34.88bn in 91-day paper, N45bn in 182-day bills and N60.73bn in 364-day bills on Thursday. The […]