meta name="google-site-verification" content="itFO53DeTn12Q_CgrK1XuVoVeKkYL4_h9vXHrDuoJZQ" />

banking

Nigerian overnight lending rate climbs on tight liquidity

Finance / By / November 14, 2016

Nov 11 Nigeria’s overnight lending rate rose to 22 percent on Friday from 13 percent last week due to tight liquidity worsened by banks inability to get access to their balances with the regulator, traders said. Traders said lenders were demanding as high as 25 percent to place funds on the market overnight and that …

Nigerian overnight lending rate climbs on tight liquidity Read More »

Nigerians participating in MMM scheme vulnerable to losing investment

Finance / By / November 14, 2016

ABUJA-MEMBERS of the House of Representatives Wednesday resolve to probe into the operations of the internet based wonder bank, otherwise known as “MMM Nigeria Scheme” in order to save innocent Nigerians from falling prey to fraudsters in this era of economic recession. Consequently, the House has mandated its committees on banking and currency as well …

Nigerians participating in MMM scheme vulnerable to losing investment Read More »