Nigerian interbank lending rates were flat at an average of 12 per cent last week as a slowdown in foreign exchange demand and the repayment of mature treasury bills boosted naira liquidity. The Central Bank of Nigeria sold a combined $95m to lenders at its two auctions this week, far […]
World News
PFAs investments in govt bonds now N1.86tn  PenCom
The total amount of Pension Fund Assets so far invested in government bond has risen from N1.47tn in 2011 to N1.86tn, the National Pension Commission has said. The commission disclosed this in a paper on developments in the pension industry presented in Abuja by the Head, Research and Corporate Strategy, […]
First Bank to expand retail business
First Bank of Nigeria will pursue an “aggressive†expansion strategy into next year as it seeks to tap into the growing consumer market in Africa’s most populous country, its chief executive said on Thursday. The Managing Director of the bank, Mr. Bisi Onasanya, told a conference call with analysts that […]
