By Ademola Alawiye Interbank lending rates fell by 1.59 per cent to 9.66 per cent on average last week, from 11.25 per cent the previous week as the inflow of N229bn ($1.48bn) in budgetary allocations lifted liquidity in the market. The Secured Open Buy Back stood at 9.50 per cent, […]

By Ademola Alawiye with agency report First Bank of Nigeria Plc and Fidelity Bank Plc have said that they intend to grow their loan books this year and to also boost market share in retail and corporate banking. Bloomberg quoted First Bank’s Chief Financial Officer, Mr. Bayo Adelabu, as saying, […]

By Okechukwu Nnodim The Securities and Exchange Commission has called for understanding among stockbrokers on the Nigerian Stock Exchange following a protest by them against the recent appointments into the NSE Council. The Association of Stockbroking Houses of Nigeria in a letter dated April 13, 2011, faulted the resolution of […]