Nigeria’s overnight lending rates soared by 10 percentage points to a more than two-year high of 35 per cent on Wednesday, dealers said, after the Central Bank of Nigeria squeezed liquidity to support the local naira currency. The naira closed at its firmest in two weeks, at N160.10 against the […]
Tag: Central Bank of Nigeria
Corporate Governance: Nigeria’s Central Bank reviews guidelines for whistle-blowing
By Peter OBIORA InvestAdvocate The Central Bank of Nigeria (CBN) Tuesday said its currently reviewing the extant Code of Corporate Governance for Banks in Nigeria. This is contained in a Statement signed by C.O Chukwu Director, Financial Policy and Regulation Department of the CBN and made available to www.investadvocateng.com. “The […]
Nigerian naira gains on Shell, Exxon dollar sales
The Nigerian naira strengthened against the U.S. dollar on the interbank market on Monday, supported by dollar sales by energy companies Royal Dutch Shell and ExxonMobil to some lenders. The local currency closed at 161.70 to the dollar on the interbank market, firmer than the 161.90 to the dollar it […]
