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Nigerian interbank rate falls as liquidity increases

Nigeria’s interbank lending rate fell marginally this week, to average 15.83 percent, helped by inflows as some revenues from the central government’s crude oil account were distributed to government agencies.  “Some funds came into the system through the allocation from the excess crude account to state and local government on […]

Skye Bank Appoints new Chairman

  By Ify Onye InvestAdvocate Lagos (INVESTADVOCATE)-Skye Bank Plc Friday announced the appointment of Olatunde Ayeni as the Chairman of the Board of Directors of the Bank with effect from December 14, 2011. This is coming on the heels of the retirement of the Chairman of its Board of Directors, […]