The Nigerian bond market is set to record increased activities and patronage, especially in the next few months, analysts have said. This, according to them, would stem from plans by the United States financial institution, JP Morgan, to add Nigerian domestic bonds to its Government Bond Emerging Market Index. A […]
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Inter-bank rates fall on budget allocations
Inter-bank lending rates fell sharply on Friday to an average of 14 per cent, from around 19.33 per cent the previous day after about N283bn ($1.80bn) in budget allocations to government agencies hit the market. The Federal Government distributes money from oil revenue to its three tiers of government from […]
X-raying prospects, challenges of CBN’s two-day cheque clearance policy
The cheque truncation policy of the Central Bank of Nigeria commenced penultimate Friday, with the Lagos Clearing House serving as the pilot zone. ADEMOLA ALAWIYE examines the feasibility of the scheme. As part of efforts to revamp the national payments system, the Central Bank of Nigeria, in August, 2007, inaugurated […]
