Tag: Nigeria

Headline Inflation to Remain at 8.64% in August

The National Bureau of Statistics (NBS) is expected to release the GDP numbers tomorrow and the headline inflation data for August 2013 on September 17, one week ahead of the MPC meeting this month. FDC is forecasting that headline inflation will remain unchanged at 8.64%. This will mean that the […]

AMCON denies taking over Wema Bank

The Asset management Corporation of Nigeria on Wednesday denied claims that the corporation had taken over the ownership of Wema Bank. According to the Head, Corporate Communications, AMCON, Mr. Kayode Lambo, the agency does not interfere with the running of the bank. “AMCON does not have any impact on Wema […]

Nigeria seeks co-arrangers for 80 bln naira note issue

Nigeria is looking for an international bank and a local lender to act as co-arrangers for 80 billion naira ($491 mln) depository note to be issued this year, the Debt Management Office (DMO) said on Wednesday. The DMO said in a notice it had appointed a sole depository bank and […]