Money market rates and the euro fell on Friday after the European Central Bank announced banks would make 62.8 billion euros worth of early repayments of three-year banking sector loans. The repayment came in below the 130 billion euro Reuters poll consensus and means the level of surplus liquidity in […]
World News
T-Bill yields drop to 17-month low
Nigerian Treasury Bill yields on Wednesday fell to the lowest in 17 months at an auction as bids were almost four times the amount on sale, boosted by offshore demand for the country’s debt. The Central Bank of Nigeria said in an email statement on Thursday, that it sold N135.65bn […]
FG appoints JP Morgan as Sovereign Wealth Fund custodian
The Federal Government has appointed a leading financial services firm, JP Morgan, as the custodian of the Sovereign Wealth Fund that is expected to become fully operational by the end of March. The Chief Executive Officer, SWF, Mr. Unche Orji, disclosed this to State House correspondents at the end of […]
