Feb 13, 2016/Reuters Nigeria’s overnight interbank lending rate eased to an average of 0.75 percent on Friday from around 3 percent midweek after the central bank let cash flow into the market from matured treasury bills, traders said. The central bank injected around 234 billion naira ($1.2 billion) in matured […]
Tag: Naira
Authoritative: CBN Has Not Stopped Forex For Medicals, School Fees
February 13, 2016/The Will A Seniour officer at the Central Bank of Nigeria (CBN) has authoritatively denied news reports suggesting that the bank had given approval for an end to forex sales for foreign medicals and school fees. The officer, who spoke exclusively to THEWILL, disclosed that the issue was […]
Sterling Bank Eyes Acquisitions-Reuters
By InvestAdvocate Lagos (INVESTADVOCATE)-Sterling Bank Plc said on Friday its seeking to buy one (1) or two (2) mid-tier banks as sharp falls in the value of the naira and increased regulatory pressure are forcing banks to recapitalise, according to Reuters quoting Abubakar Suleiman, its chief financial officer (CFO). According […]
