Nigeria’s interbank lending rates rose sharply this week to an average of 16.50 percent from 14.83 percent in the previous week mainly on the delayed release of some 300 billion naira of October’s budget allocation. Traders said the market was also in deficit because the central bank aggressively drained the […]
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Nigeria’s Pension Asset hit N2.4 trillion in 2011-PenCom DG
By InvestAdvocate Lagos (INVESTADVOCATE)-The total cumulative Pension Fund’s Asset has hit N2.4 trillion as at November 2011. Muhammad Ahmad, Director General (DG) of the National Pension Commission (PenCom) Thursday disclosed this in his welcome remarks at the opening of the Workshop organised for Business Editors and Finance, Insurance and Labour […]
ECB opens door to action, Sarkozy seeks new treaty
The new head of the European Central Bank signaled on Thursday it stood ready to act more aggressively to fight Europe’s debt crisis if political leaders agree next week on much tighter budget controls in the 17-nation euro zone. In France, President Nicolas Sarkozy called for a new treaty incorporating […]
