By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Friday unveiled guidelines on the governance of financial regulation advisory council of experts for non-interest (Islamic) financial institutions in Nigeria. The CBN in a circular said “An essential governance structure and element of regulatory oversight for institutions offering […]
Money Market
More pressure on naira as market loses $800m
The removal of about $800m from the foreign exchange market following the closure of the Retail Dutch Auction System and Wholesale Dutch Auction System window by the Central Bank of Nigeria will put further pressure on the naira, analysts have said. In a move to calm the forex market, the […]
Nigerian interbank rates ease on retired OMO bills
Fri Feb 20, 2015/Reuters Nigerian overnight lending rates fell to an average 25 percent on Friday from a record high of 95 percent last week after the central bank retired about 100 billion naira ($502.77 million) in Treasury bills, dealers said. Traders said the repayment of matured Open Market Operation […]
