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Liquidity Mop Up Imminent As N567bn Hits Interbank Market

Liquidity Mop Up Imminent As N567bn Hits Interbank Market       The Central Bank of Nigeria (CBN) is expected to resume its liquidity mop up this week in response to inflow of N567 billion into the interbank money market. Last week the apex bank suspended its liquidity mop...

Investors lose N105bn as Fidelity Bank, 17 others dip

Investors in the nation’s stock market lost N105bn on Tuesday as 18 stocks led by Fidelity Bank Plc took a beating at the end of trading on the floor of the Nigerian Stock Exchange. The NSE market capitalisation, which fell by N82bn last week to...

Rates, inflation top agenda as CBN committee meets

Regulator to retain high benchmark rate over high prices foreign exchange crisis, rising consumer prices and artificial lending rates set by commercial banks will remain the priority of monetary policy makers as they resume meetings today. The Central Bank of Nigeria (CBN) says it...