The Central Bank of Nigeria says it is investing heavily in corporate social responsibility as a strategy to improve security of lives and property. The bank said the investments would also enhance financial services, while also improving the welfare of members of its host communities nationwide. The CBN’s Ilorin Branch […]

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Friday unveiled new guidelines for licensing financial and regulation of Financial Holding Companies in Nigeria. This is contained in a circular dated August 29, 2014 with reference number FPR/DIR/CIR/GEN/04/011 and signed by Kevin Amugo, director, financial policy and […]

Nigeria’s interbank lending rates climbed 25 basis point to an average of 10.75 percent on Friday, after funding for forex purchase and issuance of treasury bills curbed market liquidity. The central bank retired about 198 billion naira ($1.22 billion) of matured open market operations (OMO) bills on Thursday, but rolled […]