MONEY MARKET

Niyi Olaoye Dealers within the Nigeria financial market are of high expectations that Treasury Bills (T-Bills) worth N196.99 billion to be traded on Thursday will boost financial system liquidity and soften interbank rates. According to one of the dealers, the instruments are 91-day bills worth N35.10 billion and 149-day bills...

By Niyi Olaoye Indications have emerged that due to uncertainties in the economic environment, most Nigerian banks are not willing to lend to each other and to the real sector of the economy, preferring to place their excess liquidity with the Central Bank of Nigeria (CBN) for interest earning purposes....

By Niyi Olaoye Financial experts in the country have called on Federal government of Nigeria to restore the license of Savannah Bank and allow them to re-open for operation saying that  the crisis that has bedeviled the  bank is political. Depositors of Savannah Bank recently called for the intervention of...

Ecobank Transnational Incorporation (ETI) has restated its determination to building a stronger and profitable financial institution. The Group Managing Director, ETI, Ade Ayeyemi who made this disclosure during the Bank's Facts Behind the Figures presentation at the Nigeria Stock Exchange (NSE) in Lagos on Friday, maintained that the pan African...

By NIyi Oloaye Some financial experts in the country have called on the Federal Government to pay Deposit Money Banks (DMBs) and other service providers the money due to them for services rendered under the Treasury Single Account (TSA), rather than threatening to withdraw their operating license for breach of...

The Bankers’ Committee of the Central Bank of Nigeria (CBN) has given an assurance that the ongoing mass sack in banks would be reduced in a shortest possible time. The committee stated this at the end of its 327th meeting at the headquarters of the CBN in Abuja on Thursday....

The Senate has hinted on plan to summon the Minister of Labour and Employment, Senator Chris Ngige, over his threat to withdraw the license of any bank that continues with the retrenchment of workers. The Chairman, Senate Committee on Banking, Insurance and other Financial Institutions, Senator Rafiu Ibrahim‎ revealed this...

The Access Bank UNICEF Charity Shield international polo tournament came to a flourishing climax Sunday with the presentation of the N10 million donation by the sole sponsor, Access Bank Plc to UNICEF. The donation was presented at the Fifth Chukker Polo & Country Club in Kaduna by the Head Corporate...

Group Managing Director/CEO of Access Bank, Mr. Herbert Wigwe has said the Bank plans to support more developmental projects as part of its strategic objectives towards Nigeria’s economic development and wealth creation. Wigwe said this during the signing ceremony of the N94.9bn 5-year Medium Term Loan (MTL) for Oando Plc...

Naira eased 1.1 per cent on the parallel market on Tuesday, as customers trying to hedge against likely currency depreciation when the Central Bank of Nigeria (CBN) clarifies its new forex policy, snapped up every available dollar from retail outlets. The naira was quoted at 361 to the dollar on...