Sept 9, 2016/Reuters Nigeria’s telecoms regulator has shut the offices of Nokia-Alcatel for operating in Africa’s largest economy without the necessary permit, the watchdog said on Friday. The Nigerian Communications Commission’s (NCC) spokesman Tony Ojobo said that the mobile telecoms equipment manufacturer had failed to obtain the 2 million naira […]
Updates
Nigerian interbank rate falls as matured treasury bills are paid off
Sept 9, 2016/Reuters Nigeria’s overnight naira interbank lending rate fell to around 15 percent on Friday from a peak of 35 percent on Wednesday, after the central bank injected cash from matured treasury bills into the banking system, traders said. The central bank repaid around 293 billion naira in matured […]
Update: CBN measures widen parallel market premium to interbank
Culled—Proshare Sept 9, 2016/ARM Research In this update, Researchers at ARM present the latest macroeconomic data for August 2016 as well as activities in the fixed income and currency markets. Macro picture worsens as economy sinks into recession: In an avalanche of data at the end of August, the National […]
