Money Market

FirstBank Partners Sebeccly Cancer Centre for Lagos Pink Campaign

October 9, 2015/FirstBank First Bank of Nigeria Limited (FirstBank), as part of its Corporate Responsibility interventions has partnered with Sebeccly Cancer Care and Support Centre to create awareness about cancer, initiate action amongst women to get screened and provide access to quality cancer care. FirstBank is supporting the Centre’s Light […]

Nigeria interbank overnight rate falls to 5-year low as funds buy bonds

October 8, 2015/Reuters Nigeria’s interbank overnight lending rate fell to a five-year low on Thursday, hit by excess liquidity in the market that spurred renewed bond buying from commercial lenders and pension funds, traders said. The overnight lending rate halved to 1 percent from the previous day. It had hovered […]

FG Approves $1000/N160 for Christian Pilgrims

October 8, 2015/Proshare 1.       The Federal Government has approved the purchase a maximum of US$1,000.00 at a concessionary exchange rate of N160.00 to the US dollar by each intending pilgrim or PTA.  Consequently, each pilgrim travelling to Israel is entitled to maximum of $750.00, while those going to Israel/Rome or Greece are […]