Money Market

E.C.B. Leaves Key Interest Rate Unchanged

The European Central Bank on Thursday left its benchmark interest rate unchanged, a decision overshadowed by anticipation about plans to begin purchasing private-sector assets this month as a way to revive bank lending and pump money into the eurozone economy. The decision to keep the benchmark interest rate at 0.05 […]

Foreign reserves fall to $39.56bn

The country’s external reserves have fallen by 0.15 per cent to $39.56bn this month, according to latest data from the Central Bank of Nigeria. The reserves had stood at $39.62bn in August and amounted to $45.66bn in September last year. Currency traders attributed the fall to draw downs by the […]

Wema Bank Says It Attracted over $150 Million Credit on Trade & structured Finance

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s indigenous lender, Wema Bank of Nigeria Plc on Saturday said it has attracted over $150 million in lines of credit for foreign trade and structured finance from various institutions, according to Segun Oloketuyi, managing director (MD) of the bank. Oloketuyi said this at a […]