The Governor, Central Bank of Nigeria, Mr. Lamido Sanusi, has reiterated that the failure of corporate governance in most financial institutions led to the recent crisis in the banking sector.  Sanusi, who spoke in Lagos on Friday at an event on financial systems stability organised by Olaniwun Ajayi LP, said […]

The Nigerian capital market, for some time, has been in the doldrums due to various reasons. In this report, UDEME EKWERE examines the steps taken by the regulators to revive the market so far.  Since the beginning of the global economic meltdown, and specifically since 2008 in Nigeria, the capital […]

Inter-bank lending rates rose sharply last week to an average of 15.08 per cent, from 14.25 per cent recorded the previous week, as the Nigerian National Petroleum Corporation and Nigeria Deposit Insurance Corporation made large withdrawals, putting commercial banks in deficit with the Central Bank of Nigeria.  Reuters quoted a […]