Nigeria’s interbank lending rates eased this week to an average of 14.83 percent from last week’s 15.50 percent after a portion of public sector wages hit the system and helped boost liquidity, traders said on Friday. Traders said about 95 billion naira were released on Friday, helping to ease liquidity […]
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Stock futures signal lower open for equities
Stock index futures pointed to a weaker open for equities on Wall Street on Friday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 down 0.3 to 0.7 percent. U.S. stock markets were closed for the Thanksgiving holiday on Thursday and will be open […]
Money, Money Everywhere…
Mr. X worked for a Nigerian bank for nearly 20 years, rising to a senior management level. Last year during his annual leave, he received a message telling him not to bother returning to the bank; he had been sacked. Ms. Y came to office one early morning as she […]

