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Financial system: Economists support creation of regulatory council

  By Stanley Opara Tuesday, 31 Aug 2010     The Registrar, Institute of Chartered Economists of Nigeria, Mr. Peter Ikpomejo, has said that the request for the establishment of a council of Nigerian financial system regulators by the Minister of Finance, Mr. Olusegun Aganga, is a step in the […]

‘Why investors are interested in rescued banks’

  By Nike Popoola  Tuesday, 31 Aug 2010 As stakeholders await guidelines on the operations of the Asset Management Corporation of Nigeria, investors have continued to show interest in the rescued banks despite the poor balance sheets.   An analyst, Mr. Femi Awoyemi, said the investors were interested for different […]

Nigerian inter-bank rates flat on fresh inflows

  Monday, 30 Aug 2010            Nigerian inter-bank lending rates remained flat at 1.1 per cent on the average this week as more cash inflow from central accounts to government agencies boosted liquidity in the system, traders said on Friday.   According to Reuters, ”About N110.7bn from the excess crude […]