Nigeria’s naira currency closed unchanged against the U.S dollar on the interbank market and firmed marginally at the official window on Monday, as dollar sales by oil companies comfortably met rising dollar demand in the market. The naira closed flat at 157.15 to the dollar on the interbank. Traders said […]
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Inter-bank rates flat on mature T-bills
Inter-bank lending rates were flat across the board last week at an average of 10.58 per cent, as liquidity was buoyed by the repayment of about N190bn in mature open market operation treasury bills. Dealers said the repaid treasury bills helped the market to open with a positive cash balance […]
‘Nigerian banks’ profits to increase significantly’
The Group Managing Director and Chief Executive Officer of Access Bank Plc, Mr Aigboje Aig-Imoukhuede, has projected that Nigerian banks, by the end of the year 2012, will post a total profit, which will be equivalent to about 10 per cent of the aggregate profit of all the banks in […]
