Further to regulatory and legal approvals of the business combination between Access Bank Plc and Intercontinental Bank Plc, shareholders of both institutions unanimously sanctioned the   business combination at their court-ordered meetings in Lagos on Friday. By this approval, the entire share capital of Intercontinental Bank Plc has been cancelled and […]

Nigeria sold 64.56 billion naira ($396 million) worth of 91-day and 182-day short-dated instruments on Wednesday in its last treasury bill auction for the year, at higher yields compared with the previous auction, the central bank said on Friday.  The regulator sold 21.83 billion naira of 91-day treasury bills at […]

Nigeria’s interbank lending rates eased further this week to an average of 14.08 percent, compared with 14.33 percent last week, as naira cash flows from oil revenues to government agencies boosted liquidity in the system to lower borrowing costs.  Dealers said market liquidity rose by about 168.58 billion naira in […]