By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)- The Central Bank of Nigeria (CBN) announced that Nigeria sold N114.89 billion worth of treasury bills of maturities ranging between three (3) month and one year, with yields slightly higher on 91-day and 364-day paper and flat on the 6-month note. According to the […]
Tag: Nigeria
50% CRR: Analysts disagree with CBN
Financial analysts have disagreed with the Central Bank of Nigeria over the imposition of 50 per cent Cash Reserves Requirement on all government deposits with commercial banks. They said the introduction of such additional instrument by the Monetary Policy Committee, which ended a two-day meeting in Abuja on Tuesday, would […]
Nigerian Minister Voluntarily Resigns
The Minister of State for Health, Dr. Muhammed Pate, Wednesday voluntarily resigned in order to resume at the Global Health Institute a US based Duke University. Professor Pate, in his resignation letter said his new portfolio would avail him a unique platform to participate in a university-wide Africa initiative while also […]
