The Chief Inspector of Intercontinental Bank Plc, Mr. Abdulraheem Jimoh, on Thursday, insisted that an alleged transfer of the bank’s N18.6bn by its former Managing Director, Dr. Erastus Akingbola, was done with no document in the bank’s record justifying it. Jimoh, stated this while concluding his testimony as the Economic […]

Nigeria sold 138.43 billion naira ($861.96 million) in 91-day and 182-day debt this week, the second such auction this year, with yields falling compared to the previous sale, the central bank said on Friday.  The regulator sold 55.21 billion naira of 91-day treasury bills at a 14.79 percent marginal rate, […]

Market operators have called on the Federal Government to ensure that the Sovereign Wealth Fund is invested in the Nigerian capital market. Specifically, the operators said that the fund, which is long-term in nature, should be invested in the equities section of the Nigerian Stock Exchange. This, according to them, […]