The Central Bank of Nigeria sold a total of $10.18bn at the Wholesale Dutch Auction System in the first half of this year, a report has revealed. The report, which was presented by the Executive Secretary and Chief Executive Officer, Financial Market Dealers Association, Mr. Wale Abe, at a round-table […]
Uncategorized
Overnight rate hits two-year high at 35%
Nigeria’s overnight lending rates soared by 10 percentage points to a more than two-year high of 35 per cent on Wednesday, dealers said, after the Central Bank of Nigeria squeezed liquidity to support the local naira currency. The naira closed at its firmest in two weeks, at N160.10 against the […]
Dangote Sugar’s profit rises by 91%
Dangote Sugar Refinery Plc has reported a 91 per cent appreciation in its profit after tax for the second quarter ended June 30, 2012. The operating results of the company, which was released on Wednesday, showed that its profit after tax that stood at N2.9bn in the second quarter a […]
