The Federal Government has insisted that it will not rescind its decision on the recall of the Director-General of the Securities and Exchange Commission, Ms Arunma Oteh. The Minister of Finance, Dr. Ngozi Okonjo-Iweala, it was learnt, gave the government’s position during a meeting with the workers’ union of the […]
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Nigerian interbank rate rises on NNPC cash withdrawal
Reuters – Sat, Jul 21, 2012 Nigeria’s interbank lending rates climbed to an average of 15 percent this week, compared with 14.33 percent last week, after large cash withdrawals by state-owned oil firm NNPC, flows to bonds and foreign exchange purchases drained liquidity. Market liquidity closed negative this week after NNPC recalled […]
Cash-less: Banks flag off road show in Lagos
Press Release Banks, at the weekend flagged off a pilot road show to enlighten and encourage traders and the public at large to embrace the cash-less banking initiatives, recently introduced by the Bankers’ Committee. The theme of the show was “Go cash-less, use Point of Sales (PoS), Automated Teller Machines […]
