WEDNESDAY, 07 JULY 2010 01:22 BLESSING ANARO   The Nigerian Inter-Bank Offer Rate (NIBOR), the rate at which banks lend money amongst themselves at the inter-bank market, rose to unprecedented high on Tuesday after the Nigerian National Petroleum Corporation (NNPC) said it was withdrawing unspecified amount of money from […]
Uncategorized
Inter-bank lending rates double as NNPC withdraws funds from banks
WEDNESDAY, 07 JULY 2010 01:22 BLESSING ANARO   The Nigerian Inter-Bank Offer Rate (NIBOR), the rate at which banks lend money amongst themselves at the inter-bank market, rose to unprecedented high on Tuesday after the Nigerian National Petroleum Corporation (NNPC) said it was withdrawing unspecified amount of money from […]
Wonder bank: Scheme fuelled by greed, ignorance?
WEDNESDAY, 07 JULY 2010 BY ENITAR UGWU  With a whopping N106.9 billion trapped in wonder banks, victims are currently licking their wounds. In this report, ENITAR UGWU examines the factors that led to their fate.In human nature, greed is a dangerous thing. Add ignorance to that, and you […]
