The Nigerian naira currency weakened against the U.S dollar on the interbank market on Monday, but held steady at the bi-weekly currency auction even as strong demand for the greenback persisted on the interbank.  The local currency closed weaker at 158.75 to the dollar on the interbank market from 157.70 […]

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) and the Nigerian Deposit Insurance Corporation (NDIC) Wednesday debunked Newspaper publications that a Federal High Court sitting in Lagos Tuesday November 15 2011, restrained Mainstreet Bank Limited, Keystone Bank Limited and Enterprise Banks Limited all three nationalised Banks from […]

Nigeria said on Wednesday it will auction treasury bills worth 110.85 billion naira ($696.29 million) at its regular debt auction next week, the central bank said.  The regulator said it will sell 29.64 billion naira in 91-day paper, 40.68 billion naira in 182-day treasury bills and 40.53 billion naira in […]