July 29, 2016/Reuters Nigeria’s Skye Bank has received more than 100 billion naira in liquidity from the central bank since July 4 to shore up its operations, its new managing director said on Friday. Tokunmbo Abiru told reporters that central bank staff had been working at the bank for two […]
Money Market
MPR: Banks raise interest rates on existing loans
29/7/2016/Punch Oyetunji Abioye & Anna Okon Bank customers with existing loan obligations must brace for higher levels of indebtedness as the Deposit Money Banks have begun an upward review of the interest rates on all outstanding loans. The development followed Tuesday’s increase of the Monetary Policy Rate from 12 per […]
Naira Trades Flat N378/$1 on Parallel Market
By InvestAdvocate Lagos (INVESTADVOCATE)-The naira on Thursday traded flat on the interbank and parallel market at N315 and N378 to the greenback respectively. Cordros reports that the local currency in the interbank market had appreciated against one of the three currencies tracked. It said the naira appreciated 1.37 percent to […]
