Inter-bank lending rates fell sharply on Friday to an average of 14 per cent, from around 19.33 per cent the previous day after about N283bn ($1.80bn) in budget allocations to government agencies hit the market. The Federal Government distributes money from oil revenue to its three tiers of government from […]
Tag: Federal Government
Ensure improved market activities, operators urge regulators
Operators in the Nigerian capital market have renewed calls to the Federal Government and the regulators to ensure that activities improve in the market. According to the operators, an all-inclusive action aimed at restoring investor-confidence as well as deepening the market should be embarked upon by the regulators. Already, calls […]
FG to inaugurate SWF by year end–Okonjo-Iweala
The Minister of Finance and coordinating minister of the economy, Mrs. Ngozi Okonjo-Iweala, said on Monday that the Federal Government would inaugurate the Sovereign Wealth Fund by the end of the year. Okonjo-Iweala said on the sidelines of a conference in London that the government would announce the management team […]
