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CBN sells N138bn in local debt, as yields rise

The Central Bank of Nigeria has sold a total of N137.97bn ($848.78m) in treasury bills ranging from three months to one year at its bi-monthly auction, at higher yields than at the previous auction. The bank on Thursday sold N32.97bn worth of the three-month paper at a return of 14.10 […]

How SSS/Otedola Paid Marked $720,000 to Farouk Lawal, and others

Huhuonline.com understands  that Hon. Farouk Lawal, chairman of probe panel on petroleum subsidy, approached Femi Otedola to pay a whopping sum of three million dollars, when he refused to part with the money, Farouk Lawal listed his company Zenon Oil as One of the companies involved in the fuel subsidy […]

Euro zone agrees to lend Spain up to 100 billion euros

Euro zone finance ministers agreed on Saturday to lend Spain up to 100 billion euros ($125 billion) to shore up its teetering banks and Madrid said it would specify precisely how much it needs once independent audits report in just over a week. After a 2-1/2-hour conference call of the […]