Treasury Bills subscription in November increased by 12.2 per cent to N659 billion, compared to the N587.55 billion recorded in October, a report by the Financial Market Dealers Association (FMDA) has shown. The FMDA stated this in its financial and economic report for November obtained at the weekend. It showed […]
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CBN Withdraws N128 Billion from Circulation
In line with its tight monetary policy regime, the Central Bank Nigeria (CBN) at the weekend withdrew a total of N127.97 billion naira from the system, through sale of treasury bills (T-bills). The CBN sold N32.488 billion of 91-day T-bills at a yield of 11.95 percent. The central bank also […]
‘Poor documentation responsible for failed banks in Nigeria’
The National Judicial Institute has blamed the bitter experiences of failed banks on poor documentation by bank officials. Chief Justice of Nigeria and Chairman Board of Governors, NJI, Hon. Justice Aloma Mariam Mukhtar, disclose this on Wednesday at the 2012 National Seminar on Banking and Allied Matters for Judges organised […]
