12 Banks Earned N461.51bn Interest In Three Months
Twelve commercial banks in Nigeria earned a total of N461.51bn in net interest income in the first three months of this year, up from N451.14bn in the same period of 2020.
An analysis of data from their unaudited...
T-bills Interest Rates Rise, Subscription Declines
The interest rates on treasury bills witnessed an appreciation at the Primary Market Auction, which took place on Wednesday.
Stop rates improved across all maturities as investors’ demand for the security declined when compared with previous auctions.
Analysts said the increase...
In Four Months, Domestic Bond Investors Receive N190bn Interest
Investors in the bonds issued by the Federal Government received about N190bn as interest between April and June this year.
Investors that subscribed to domestic bonds issued by the Federal Government earned about N190bn as interest within...
CBN Bars Payment Of Interest On Bank Deposits Above N2bn
The Central Bank of Nigeria has said the remunerable daily placements by banks at the Standing Deposit Facility will not exceed N2bn.
It stated this in a circular, titled ‘Guidelines on accessing the CBN Standing Deposit...
How FGN’s Preference For Commercial Debts Incurred Additional N127bn Interest
Over the past few months, concerns have been raised on the sustainability of the bourgeoning debt profile of the Federal Government, with the International Monetary Fund (IMF) stressing the need to cut down on excessive...
On 45 Deals, we Secured Investment Interest Worth $32bn, Says AfDB
Out of 61 transactions valued at $40.4bn tabled for discussions in boardroom sessions at the just concluded African Investment Forum in Sandton, South Africa, 45 deals worth over $32bn were secured, the African Development...
