The World Bank’s investment arm will increase lending to sub-Saharan African countries by up to a quarter this year as private sector companies flock to the fast-growing region. The Vice-President, International Finance Corporation, an arm of the World Bank, Mr. Jean-Philippe Prosper, said the IFC would make new investments of […]
World News
NDIC tackles legal challenges to banks’ liquidation
Excessive litigation and the lack of understanding of the legal role of the Nigeria Deposit Insurance Corporation as liquidator have been identified as the major challenges hampering the effective settlement of depositors. A statement by the corporation on Friday quoted the Managing Director/Chief Executive, NDIC, Alhaji Umaru Ibrahim, as saying […]
CBN sells N157bn T-bills at lower yields
The Central Bank of Nigeria sold N157.05bn ($994.62m) worth of treasury bills on Wednesday at yields lower than its previous auction on the back of strong demand from offshore investors and local fund managers. The CBN sold N22.05bn in 91-day notes at a return of 10.30 per cent, marginally lower […]
