Inter-bank lending rates fell further last week to an average of 14.25 per cent compared to the previous week’s 14.41 per cent after additional cash inflows from the excess crude account disbursal hit the market.  Currency traders said rates would have been lower but for the outflows into treasury bills […]

The Central Bank of Nigeria sold N150.09bn ($953.56m) worth of treasury bills last week at a regular debt auction with yields on the 91-day and 182-day bills falling, while the 364-day yield inched higher. The CBN sold N42.97bn of the 91-day treasury bill at a 14.18 per cent marginal rate, […]

Enhancing Financial Innovation & Access, a financial sector development organisation, has provided a $2m grant to Paga, a financial services platform, to develop and deliver low cost financial products to reduce the number of un-banked people in the country. EFInA is an independent, professional and non-profit organisation funded by the […]