Nigeria’s interbank lending rates fell sharply this week to an average of 13 percent, from 15.08 percent, as cash flow from February budgetary allocations to government agencies boosted liquidity in the system, traders said.  Nigeria distributed 620.7 billion naira ($3.94 billion) from oil receipts to its three tiers of government […]

In July 2011, Huhuonline.com broke the news that the Director-General, Securities and Exchange Commission (SEC), Arunma Oteh has a high proclivity and penchant for combining high public office with her cravings for leisure and conspicuous consumption.  The issue in question then, was the revelation that she spent a whooping thirty […]

By Opeyemi Issa InvestAdvocate Lagos (INVESTADVOCATE)-NPF Microfinance Bank Plc Thursday announced a reduction in dividend payment to investors of the Company by 60 percent (60%). To record a 60% reduction in year 2011 dividend payout to shareholders, the Microfinance Bank Notified the Nigerian Stock Exchange (NSE) that its Board of […]