Nigeria sold 64.56 billion naira ($396 million) worth of 91-day and 182-day short-dated instruments on Wednesday in its last treasury bill auction for the year, at higher yields compared with the previous auction, the central bank said on Friday.  The regulator sold 21.83 billion naira of 91-day treasury bills at […]

Nigeria’s interbank lending rates eased further this week to an average of 14.08 percent, compared with 14.33 percent last week, as naira cash flows from oil revenues to government agencies boosted liquidity in the system to lower borrowing costs.  Dealers said market liquidity rose by about 168.58 billion naira in […]

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE) – Union Bank of Nigeria Plc (UBN) Friday announced that Shareholders whose names appear on the Bank’s Register as at the time of the conclusion of its share reconstruction will enjoy a 40 percent (40%) discount if they pick up their Rights. Tunde Yamah, […]