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DMO: Nigeria Raises $500m Bond by October

  By Emele Onu, 06.29.2010    The Debt Management Office (DMO) has said that Nigeria will be entering the international debt market for the $500 million Euro bond before the end of October this year.The Director General of the DMO, Dr Abraham Nwankwo, told THISDAY last Monday: “We are working […]

Niche Banking’s Good for Nigerian Economy

  There’s a transition to macro and niche banking. Would you say this phase of banking is in the interest of Nigeria compared to what is happening in South Africa, Ghana and other parts of the world?    I think it’s good because the capital requirement for a small bank […]

CBN Mops N132bn from Circulation

  By Emele Onu, 06.30.2010    The Central Bank of Nigeria (CBN) plans to raise the sum of N132 billion today, as part of its mop up activities, using its open market operations. The monetary authority plans to raise N132.14billion in 91-day, 182-day and 364-day treasury bills.     Details […]