June 13, 2016/Punch Oyetunji Abioye  with agency report The nation’s overnight interbank rate rose to an average of four per cent on Friday, up from three per cent the previous week, as the Central Bank of Nigeria’s attempt to mop up excess liquidity from the banking system faltered. Traders said […]

June 13, 2016/Nairametrics Commercial Banks have been reported by the Punch to have asked the CBN to limit across the counter withdrawals to just  N10,000 in a move that is bound to be followed by a customer backlash and could even set the economy further back in its bid to […]

11/6/2016/Punch Oyetunji Abioye with agency report The naira is expected to drop further against the United States dollar at the parallel market in the coming days as the Central Bank of Nigeria moves to release details of its new flexible exchange rate policy. The local currency was quoted at 368 […]