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 […]
Tag: Market
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 […]
SEC Plans Independent Director for Broking Firms
The Securities and Exchange Commission (SEC) is planning to introduce independent directors to the boards of stockbroking firms as part of efforts to strengthen corporate governance among broking firms and restore investor confidence in the market. Currently, listed companies are required to have independent directors on their board, who are […]
