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Investors’ appetite for Federal Government of Nigeria (FGN) bonds appears to have waned as the Debt Management Office (DMO) records the lowest bids for bonds on offer at its most recent monthly auction held last week.
Bureau of Public Enterprises (BPE) has commenced the guided liquidation of NITEL and its mobile arm, Mtel, as it has started the evaluation of expression of interests (EOIs) from five prospective liquidators for the exercise.
Expectation on the possible cut in the Monetary Policy Rate (MPR), anchor rate on which Central Bank of Nigeria (CBN) lends to banks, are high as the Monetary Policy Committee (MPC) meets today in Abuja, BusinessDay interactions with analysts, have shown.
A surge in lending is likely to boost the earnings of Nigeria's banks this year though loans are eating into capital reserves and are too concentrated in the oil sector, credit rating agency Standard and Poor's (S&P) said on Friday.
The united Sates has criticized Nigeria for granting a pardon to Diepreye Alamieyeseigha, former governor of Bayelsa and political associate of the president.
Standard Chartered has announced the appointment of Remi Oni as its new head of origination and client coverage in Nigeria.
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