Nigeria’s interbank lending rates eased marginally this week to an average of 15 percent from last week’s 15.25 percent on expectations of cash inflows from budgetary allocations to government agencies on Friday, traders said.  “People know that budget allocation has been approved and will soon be released, so there is […]

The Asset Management Corporation of Nigeria will next week begin the process of selling the three nationalised banks that it acquired last year. The Managing Director, AMCON, Mr. Mustafa Chike-Obi, told our correspondent on Thursday that the corporation would roll out the timetable that would guide the public and interested […]

Lagos (INVESTADVOCATE)-Nigeria’s Securities & Exchange Commission (SEC) has said it resolved 709 out of the 1,393 brought to it in year 2011. Arunma Oteh, Director General of the Commission said this in a Media briefing of the Nigerian Capital Market. During the year under review, the Commission strengthened its working […]