In spite of the various policies put in place by the government at developing the manufacturing sector, it contracted by 0.43 per cent in the first...
With huge Non-Performing Loans (NPLs) hanging on their neck, four commercial banks in the country are said to be in serious liquidity crisis as they operate...
Nigeria’s interbank lending rate rose to around 20 percent, from 5 percent on Thursday, after the Central Bank of Nigeria sold treasury bills to mop-up excess...
The naira fell to 378 against the dollar at the parallel market on Monday, down from 375 on Friday as scarcity of the greenback continued...
By ODUNEWU SEGUN WITH about 45% of Nigerian banks loan denominated in dollars, the recent devaluations of the naira may have increased liabilities for some banks...
