Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi Wednesday called for a legislation that would compel multi-national companies operating in the country to list on the floor of the Nigerian Stock Exchange (NSE). Sanusi said there was no reason why such firms, including MTN, GLO and […]
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6% customers owned 88% of bank deposits in 2010- NDIC
The imbalance in the Nigerian financial system has been brought to the fore with 2,512,531 depositors, or six per cent of those who placed their money in the Deposit Money Banks in 2010 having N9.53tn or 88 per cent of the total N10.84tn bank deposits during the year. The remaining […]
Nigerian naira weakens at interbank, stable at auction
The Nigerian naira currency weakened against the U.S dollar on the interbank market on Monday, but held steady at the bi-weekly currency auction even as strong demand for the greenback persisted on the interbank. The local currency closed weaker at 158.75 to the dollar on the interbank market from 157.70 […]
