By Ademola Alawiye The Central Bank of Nigeria said it sold N130bn ($840m) worth of treasury bills as part of measures to control money supply in the economy. The apex bank said on Friday that it had sold N50bn each in the 182-day and 364-day instruments at marginal rates of […]

By Stanley Opara Experts in the Nigerian financial sector have have positioned the sector for a bright future. They, however, urged the apex bank to continue to be objective with its actions, especially now that some mergers and acquisitions were taking place in the sector. The Registrar, Institute of Chartered […]

By Ademola Alawiye with agency report Inter-bank lending rates rose marginally by 0.83 per cent to 9.83 per cent on the average this week from nine per cent the previous week as cash outflows to treasury bills drained liquidity from the system. At the inter-bank market, the secured Open Buy […]