SHAREHOLDERS of Ecobank Nigeria Plc, yesterday, approved the bank’s board’s proposal to conclude merger agreements with Oceanic Bank Plc, after Ecobank’s parent firm Ecobank Transnational Incorporated (ETI) acquired 100 per cent stake in the troubled financial institution in September. Already, the shares of Oceanic Bank have been delisted from the […]

Nigeria sold 130.23 billion naira($794.42 million)short-dated treasury bills at an auction on Thursday, even as yields on the papers climbed again compared with the trend at the previous auction, the central bank said on Friday.  The regulator auctioned 37.49 billion naira of 91-day treasury bills at 14.09 percent, a slight […]

Nigeria’s interbank lending rates have eased this week to an average 14.33 percent from 15.83 percent last week, supported by greater liquidity thanks to inflows of budgetary allocations for wages and government agency running costs, market sources said on Friday.  Dealers said that though the central bank has increased the […]