Money market

Treasury bills experience three-year low drop rate

The Nigerian Treasury Bills (NTBs) rates have dropped to single-digit at the end of yesterday’s primary market auction (PMA). Analysts…

ECB increases lending to peripheral banks with bonus charge

Banks in Italy and other peripheral euro zone countries are grabbing tens of billions of euros in idle cash from their…

NDIC extends MMO subscribers’ maximum limit to N500,000

Following intense complaints from the Mobile Money Operators in the country, the Nigeria Deposit Insurance Corporation (NDIC) has extended its…

Lebanese banks to reopen; association asks customers to show consideration

Lebanon’s banking association said on Thursday that banks would reopen on Friday to meet “urgent” needs after being shut for…

Nigeria, others’ external debts rise at slow pace, says World Bank

THE external debt stock of low and middle-income countries, such as Nigeria and many countries in sub-Saharan Africa, rose 5.2…

Cashless policy: No processing fees, tax, for cash agents says CBN

The Central Bank of Nigeria (CBN) has said to encourage cashless policy, agent locations would be omitted from paying processing…