Author: InvestAdvocate

Inter-bank lending rates double as NNPC withdraws funds from banks

  WEDNESDAY, 07 JULY 2010 01:22 BLESSING ANARO     The Nigerian Inter-Bank Offer Rate (NIBOR), the rate at which banks lend money amongst themselves at the inter-bank market, rose to unprecedented high on Tuesday after the Nigerian National Petroleum Corporation (NNPC) said it was withdrawing unspecified amount of money from […]

Custodian & Allied assures shareholders on clients debt

  Jul 6, 2010 By Patience Saghana   Custodian and  Allied Insurance plc has assured its shareholders that outstanding  premium posted in the company’s accounts will not in any way affect its liquity or solvency.Wole Oshin, Managing Director, Custodian and Allied Insurance informed stakeholders that the company will ensure recovery […]

Inter-bank lending rates double as NNPC withdraws funds from banks

  WEDNESDAY, 07 JULY 2010 01:22 BLESSING ANARO     The Nigerian Inter-Bank Offer Rate (NIBOR), the rate at which banks lend money amongst themselves at the inter-bank market, rose to unprecedented high on Tuesday after the Nigerian National Petroleum Corporation (NNPC) said it was withdrawing unspecified amount of money from […]