Nigeria plans to sell 90 billion naira ($547.61 million) of bonds with maturities of three years and 10 years on March 12 at its third monthly debt auction this year, the Debt Management Office said on Friday. The debt office said it would issue 45 billion naira each of the […]

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-International monetary fund (IMF) Friday said it’s endorsing the plans of Nigerian authorities to wind down the operations of the asset management corporation of Nigeria (AMCON). This is part of the Fund’s executive board assessment on the conclusion of the 2014 Article IV consultation with […]

Deposit Money Banks (DMBs) lent N15.04 trillion as loans in the last quarter of last year, a Central Bank of Nigeria (CBN) Economic report has shown. According to the report, the figure represented a 14.9 per cent increase, in contrast to the decline of 0.5 and 1.5 per cent at […]