By Ademola Alawiye with agency report   Monday, 31 Jan 2011 Following the increase of the Monetary Policy Rate by the Monetary Policy Committee of the Central Bank of Nigeria, inter-bank lending rates rose as liquidity dropped in the market. The inter-bank rates rose to an average of five per […]

Monday, 31 January 2011 By Enitar Ugwu   ‘Banks create ‘dummy accounts’ to conceal funds’ – Sanusi Lamido   With the expiration of the Central Bank of Nigeria (CBN) mandatory bank accounts update today (January 31st, 2011), it has ordered banks to flag any account that is not updated or […]

Monday, 31 January 2011 By Enitar Ugwu   ‘Banks create ‘dummy accounts’ to conceal funds’ – Sanusi Lamido   With the expiration of the Central Bank of Nigeria (CBN) mandatory bank accounts update today (January 31st, 2011), it has ordered banks to flag any account that is not updated or […]